Wireless Carriers Block Simple Solution To Phone Theft To Protect Profits, Prosecutor Says

As cell phone robberies have soared nationwide, phone companies have found a lucrative side business offering insurance to customers who are anxious their devices may be lost or stolen.The top four wireless carriers will earn more than $7.8 billion this year in insurance premiums from their customers, according to an estimate by Warranty Week, an industry trade publication. Asurion, a phone insurance company that pays the wireless carriers for each policy they sell, made an estimated $98 million in profit in 2010, according to Businessweek.
http://www.huffingtonpost.com/2013/11/20/iphone-kill-switch_n_4308924.html

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