Enact insurance reform ensuring consumer protection over profits

The insurance industry's drive for profits is continuously putting consumers at risk and leaving them inadequately covered during catastrophic events like hurricanes. Major insurance companies are systematically denying legitimate claims, altering damage estimates, and employing deceptive tactics to avoid payouts - all to protect their bottom line. This exploitative model where companies prioritize shareholder dividends over properly compensating policyholders is unacceptable. Additionally, the inadequacy of flood risk mapping by agencies like FEMA leads to widespread underinsurance, leaving millions of homeowners vulnerable to devastating financial losses from flooding events exacerbated by climate change. Comprehensive reform is crucial to hold insurance companies accountable and ensure consumers receive the coverage they have paid for. A major overhaul is needed, transitioning the insurance sector away from a profit-driven model that incentivizes claim denials and towards a consumer-focused system designed to provide full and fair compensation during crises. Strong regulations should be implemented to safeguard policyholder rights, prohibit unethical claims practices, and mandate accurate risk assessments incorporating climate data. Fines for misconduct must act as a meaningful deterrent. Ultimately, the entire system may require a non-profit restructuring to eliminate the inherent conflict of interest plaguing for-profit insurers. Substantive action is imperative to protect people over profits.