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Message Subject Alberta flood victims mostly out of luck with insurance - WTF !?
Poster Handle Anonymous Coward
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What you said here is dead on....But i might add that in approx 3 to 6 months from now all of our insurance premiums will jump for house insurance due to the claims made from this disaster....Sad thing is they will fabricate and trump up the number of home owners that made claims in order to justify higher premiums....And in all reality no one is covered in this disaster...I have a family member high up in this mafia called insurance....She is the one who gave me the 3 to 6 month timeline...And yes i feel sick for the folks that think they are covered for this flood...It's a horrible feeling knowing your not covered after the fact...I wonder how many will remortgage their house to cover the costs of repair...The only ones that win here are the banks and the insurance agency's.....Its sicking and thing NEED TO CHANGE....


:1212111:
 Quoting: catsscratchfever


Same thing in the USA. Two epic scams were concurrently run in the US housing bubble. "Mortgage insurance" was required for a Fannie Mae approved loan. But the private banks collect the mortgage insurance right before they are sure Freddie Mac would write a new loan on foreclosure. On Top of all this TARP "bailed out" the banks who ran this very scam. The Behind the scenes stuff going on now is "Nationalization" of student loans, while the housing GSEs are undergoing their 4th trillion dollar "inter-agency loan"

The goal of a Darwinist, competitive model is a sweet combination of fascism and communism. Insurance companies are actually the think tank for this, and the only thing funding Madison avenue right now. Statism. Midas (canadian) tires. and illuminati children named North West Passage.
 
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