Insurance 101 teaches about “Moral Hazards” –when mismanaged insurance systems incentivize individuals, often entire segments of society, to behave in irresponsible or criminal ways.
You’ve read what “some” attorneys, public adjusters, water extractors, plumbers and roofers are doing with AOB. It’s the result of a moral hazard–bad public policy enabling and incentivizing bad behavior. [Read more…] about Assignment of Benefits–A Moral Hazard!