Some of the biggest buildings in the centres of the world's business districts are owned by insurance companies.
Paid for out of the profits from all the premium payments we make to them.
To maintain those profits, if an insurance company is forced to pay out, especially after something like a natural disaster (eg, flooding), then instead of saying "well, we've amassed billions in profits over the years, let's take the odd payout on the chin", they increase the premiums we all have to pay in order to maintain the level of their profits and bonuses to shareholders.
To this end they will make every effort to evade having to pay out on claims.
If you think banks are bad, they really have nothing on the "lawful" thievery committed by insurance companies.
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