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February 17, 2015

In the grand scheme of things, this denial incident was a tiny slice of standard operating procedure at companies with workers routinely engaged in hazardous occupations.

For the insurance industry, however, the workers' compensation pool represents a somewhat larger slice of their giant cake: a highly profitable parasitic business model written into law in their favor.
Meanwhile, prey companies, being required by law to buy workers' compensation insurance, cower in fear of premiums being jacked to the stratosphere should accidents requiring coverage occur.

Granted, workers' compensation pools ostensibly protect workers at such firms, and fraudulent claims do occasionally get submitted.