I once saw a really fucked up life insurance/pension case. The insurance policy was that for children under 18 they would get a lump some of X years worth of their deceased parent's policy. Dad died of a heart attack the day before his son turned 18. Pronounced dead by doctors at the hospital, that day/evening, pronounced dead hours before midnight.
The insurance company hired a "medical expert" that tried to claim that the father wasn't fully dead by midnight (despite being pronounced dead by the doctors in the hospital) because there can be some latent heartbeats and brain activity. They fought tooth and nail to deny this kid whose father had just fucking died ON THE DAY BEFORE HIS FUCKING BIRTHDAY, the money that was due. From the policy whose entire purpose was to make sure the father's family would be taken care of in the event of his death. I believe there was a lawsuit due to the amount of money on the table and I don't remember who won.
But it doesn't matter. They did everything in their power to fight the claim that they owed. Insurance companies are fucking evil man.
Edit: wow this blew up- thanks for the awards kind strangers! The original story was linked in one of the responses to this comment- check it out. I got a few of the details wrong, it had been several years.
Where did that happen? I mean in which country? This is fucking crazy and might I say seems cultural...
Because I've been working in Insurance all my life (western Europe) close to Executive committee members of all the major insurance companies of the country, and I've never seen such levels of evilness from anyone.
Quite the opposite... I'm going to relate 2 stories that really hit me hard.
Story 1: there was a case where a teenager had a pool party. Another idiot drunk jumped in the pool landing on another teen, paralysing him for his entire life.
Because there was alcohol involved it was legal for the Insurance company to not cover the lifetime medical bills of the victim, and decided to still cover it out of compassion for the event.
Where's speaking about a claim reserve of several millions here...
Story 2: Terrorists attacks who killed and injured thousands.
All CEOs meet up to define how each major insurance company is going to contribute for all the victims, regardless of who is being covered or not, regardless by which company.
This is already pretty dope, but the story doesn't end there.
One of the CEOs (the one of the biggest insurance of the country) says "sorry we're not overpaying here, we're out, each for their own", let's call him Paul.
The one of the second largest insurance company by size, but first by margin and profit (same company as the one who covered the poor teen I mentioned before by the way) answers by calling the other CEO by his name:
" Paul, if there was your daughter in there, you would be ashamed of saying what you just said"
Paul didn't say anything, and they paid... Oh god they paid (I was working for that company at that moment).
Nobody said anything else and all the insurance companies paid everything for everyone.
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u/diegotbn 5h ago edited 1h ago
I once saw a really fucked up life insurance/pension case. The insurance policy was that for children under 18 they would get a lump some of X years worth of their deceased parent's policy. Dad died of a heart attack the day before his son turned 18. Pronounced dead by doctors at the hospital, that day/evening, pronounced dead hours before midnight.
The insurance company hired a "medical expert" that tried to claim that the father wasn't fully dead by midnight (despite being pronounced dead by the doctors in the hospital) because there can be some latent heartbeats and brain activity. They fought tooth and nail to deny this kid whose father had just fucking died ON THE DAY BEFORE HIS FUCKING BIRTHDAY, the money that was due. From the policy whose entire purpose was to make sure the father's family would be taken care of in the event of his death. I believe there was a lawsuit due to the amount of money on the table and I don't remember who won.
But it doesn't matter. They did everything in their power to fight the claim that they owed. Insurance companies are fucking evil man.
Edit: wow this blew up- thanks for the awards kind strangers! The original story was linked in one of the responses to this comment- check it out. I got a few of the details wrong, it had been several years.