Vulture Culture by Eric D. Gerst
Dirty Deals, Unpaid Claims, and the Coming Collapse of the Insurance Industry

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We all dutifully write out checks for insurance coverage each month, assuming that if the worst should occur, we'll be protected financially. But what we don't know about the insurance business could - and most probably will - hurt us. "Vulture Culture" is a hard-hitting expose of the sorry state of the industry, from tales of rampant, widespread corruption to inconsistent state regulations and the inability - and often unwillingness - of the federal government to protect the rights of denied claimants.The book takes readers into a world of bid-rigging, fraudulent commissions, and secret payoffs, revealing shocking abuses and ominous new trends. Readers will hear about a rogue's gallery of shady executives, including a CEO whose massive claim denial schemes eventually got him fired great cost to consumers. From the Hurricane Katrina fiasco of unpaid claims, to a revolving door in which former insurance executives regulate their own industry before returning to it themselves, this is a shocking account of an industry on the brink of collapse, and what must be done to fix it before it's too late.

About Eric D. Gerst

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Eric D. Gerst (Newtown Square, PA) has practiced law nationwide for more than 25 years, with a specialty in insurance law. In addition to testifying before Congress on insurance industry abuses, he has represented corporations and individuals involved in the insurance business, as well as those outside of it.
Published April 23, 2008 by AMACOM. 256 pages
Genres: Business & Economics. Non-fiction

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“Unfortunately, today’s insurance industry has so many problems that may not be able to deliver its part of the bargain: The peace of mind and trust we pay dearly for.” Vulture Culture is a discussion of the problems that have been taking place in the insurance industry and how they have deleteri...

Apr 23 2008 | Read Full Review of Vulture Culture: Dirty Deals,...

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