Comments by "Stephen Villano" (@spvillano) on "MSNBC" channel.

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  36.  @davidreed3357  yeah, insurance companies really profit big by paying for immense claims. In Trump math. The insurance companies will do what insurance companies do - do their level best to avoid the loss of paying out a claim, tying things up in court for a generation - literally. The big bucks will go where they always go, the lawyers involved. My wife asked me after jury duty once, "So, who won the case you were on?". I replied, "The lawyers". They made their fees, properly so, either way. In one trial, we decided for the plaintiff in a symbolic action where the widow received a token amount for her husband's loss (heavy smoker that had advanced emphysema and asbestos related complications on top of that, the case revolving around an asbestos claim), which was calculated to be around 10% of the attorney fees involved in the defense. After the case was closed, the judge asked for volunteers to remain to discuss our decision in an unofficial, information panel discussion. We explained the reasoning for the award amount, preventing a deadlocked jury and one defense attorney laughed aloud and exclaimed, "You got that right!" in regards to the percentage and fees. The lawyers won, as they inevitably do. Insurance is a form of gambling. You're betting the insured event will occur, the insurance company is betting that it won't. When faced with a claim, the company will do what is required by statute and try to limit or eliminate a payout due to responsibilities that are codified in law requiring they look out for stockholder interests. That's the law and how it works out. It ain't pretty, but then making sausage ain't pretty, but many of us enjoy eating it.
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