The Threat Of Big Insurance
Earlier this month, the California-based organization Consumer Watchdog uncovered an incredible scandal involving rideshare company Uber, which we covered on the most recent episode of my podcast Organized Money. The company pleaded to the California legislature last year that its insurance costs had spiked so much that the state needed to decrease required payouts on its mandated uninsured motorist coverage. “They literally said 45 cents out of every dollar is going to insurance,” Jamie Court, president of Consumer Watchdog, told me.