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Vulture Culture: Dirty Deals, Unpaid Claims, and the Coming Collapse of the Insurance Industry
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Eric D. Gerst
List Price: $24.00
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Product Details
- Author: Eric D. Gerst
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- Binding: Hardcover
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- Dewey Decimal Number: 368.973
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- EAN: 9780814400265
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- ISBN: 0814400264
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- Label: AMACOM
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- Manufacturer: AMACOM
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- Number of Items: 1
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- Number of Pages: 256
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- Product Group: Book
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- Publication Date: 2008-04-23
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- Publisher: AMACOM
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- Studio: AMACOM
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- Title: Vulture Culture: Dirty Deals, Unpaid Claims, and the Coming Collapse of the Insurance Industry
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Avg Customer Rating: 
Product Description: We all dutifully write out checks for insurance coverage each month, assuming that if the worst should occur, we'll be protected financially. But what we don't know about the insurance business could - and most probably will - hurt us. "Vulture Culture" is a hard-hitting expose of the sorry state of the industry, from tales of rampant, widespread corruption to inconsistent state regulations and the inability - and often unwillingness - of the federal government to protect the rights of denied claimants.The book takes readers into a world of bid-rigging, fraudulent commissions, and secret payoffs, revealing shocking abuses and ominous new trends. Readers will hear about a rogue's gallery of shady executives, including a CEO whose massive claim denial schemes eventually got him fired ...at great cost to consumers. From the Hurricane Katrina fiasco of unpaid claims, to a revolving door in which former insurance executives regulate their own industry before returning to it themselves, this is a shocking account of an industry on the brink of collapse, and what must be done to fix it before it's too late.
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Customer Reviews
Great read - This book effects all of us
I knew from the title that this wasn't going to be an insurance industry snoozer. The stories are at the same time gripping and maddening, portraying an absolute mess and one-sided system - like a movie plot, but unbelievably, real! The end proposes solutions that make a lot of sense and give you hope that this crises can be solved before the industry implodes.
It's a fast and great read - everyone should buy an extra copy & mail to their government representative - send a 1-page summary to George W. in case he doesn't read it!
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Eye opener on cracks in the insurance industry
This book is a must read. It gives a clear picture of just how faulty the insurance business can be because of cracks in laws related to insurance. The author not only shows you where we could end up in insurance, he also gives simple practical solutions to make the insurance industry better and more secure, especially for consumers like you and me. This book is compelling and is full of stories and examples everyone can relate to.
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Excellent, Gripping, and Groundbreaking
This book is a thorough analysis of the insurance industry and the many problems that are plaguing it. It's well-paced, and filled with facts and andecdotes that are sometimes alarming, and ultimately illuminating. More than a critique, he offers compelling solutions to the crisis, which makes this book a powerful tool in the push for reform. The editorial cartoons are excellent as well.
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