Muhammad Ali took the heavyweight championship from George Foreman with his “Rope-A-Dope” strategy, absorbing punishment to make his opponent arm-weary, leaving Ali free to retaliate at will. However, when insurers pull a “Rope-A-Dope,” their attackers never tire, and they never really fight back–taking their beating in sullen silence.
That's what happened when carriers were slammed in the devastating “Bloomberg Markets” September cover story: “The Insurance Hoax: When Disaster Strikes, Insurers Use Secret Tactics To Cheat Homeowners.”
The article–more fodder for those who say all you get when you buy insurance is the right to sue–charges that carriers like Allstate are more likely to use boxing gloves than “good hands” to settle claims.
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