While "shame" is not an insurance concept, after reading the brief article cited below, you may conclude that "shameless" may be an insurance industry concept.
The last paragraph of a news release by Kaiser (click title above to get linked-in):
"The committee's investigators found 19,776 rescissions from three large insurers over five years, which led to savings of $300 million. "Several lawmakers at the hearing suggested there were things the companies could do right now: They could vet applications when they receive them, rather than waiting until people get sick; they could consider whether something that was omitted was related to a current health condition before rescinding; and they could be more careful to positively identify fraud before rescinding a policy" (Silberner, 6/22"
Monday, June 22, 2009
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