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Businesses want to maximize profits, but an insurance company that doesn’t pay claims will quickly have no customers.

Except for the mandated ones, like car insurance.

But if there are ten companies offering car insurance and one is known to never pay out, the customers will migrate to the nine who do. Car insurance may be mandated in some states but no one is forced into a particular company.

I want to reply to your (antiframe) comment from 21 days ago in the Alzheimers discussion ("Can you point to some evidence that increased saturated fat consumption does not increase LDL? Or that there is no link between serum LDL levels and plaque build up? Or are you making a different claim?") but there's no reply button anymore; here is a talk from Dr Paul Mason about it: https://www.youtube.com/watch?v=_lRXZfs6Sjs

Specifically that high levels of LDL alone are not what causes plaque buildup, and why not. Higher LDL cholesterol goes with lower chance of death, found a review of 19 cohort studies over 68,000 people, published in the British Medical Journal, for one.

In the UK, car insurance companies have actually been loss-making recently, despite car insurance being mandatory. It's not a guarantee of profit, especially not given how hyper-competitive the car insurance market is here.

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