Miss. Congressman Calls for Federal Probe into Insurers’ Katrina Practices

January 10, 2007

  • January 10, 2007 at 10:14 am
    OmniSure says:
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    Since the carriers are calling the primary contributor to the property damage STORM SURGE (excluded) They are offering, what… 10percent, 20percent, 30percent maybe 50percent in some cases of the coverage A limit for reiumbursement on the wind and zip for the surge. Effectively they are saying it is unlikely that the WIND caused the majority of the damage, after all, it seems much more ligical for a home to be reduced to rubble from a TIDAL WAVE/STORM SURGE than from hurricane force winds, RIGHT?

    Than explain to me how 3Billion of property damage occured in Florida after Hurricane Andrew in 1992? There wasn\’t one drop of flood or storm surger in Miami with Andrew. Andrew reduced, even multi story, commercial, reinforced, concrete buildings to rubble with just WIND.

    I wonder if Scrugs will juxtopose Andrew and Katrina during the trial, it would WIN the case for him.

    Now where are my Andrew photos? Oh, here they are, yes Dickie, you can call me now.

    PS: When hurricanes and floods/storm surge occur simultaneously and damage a house, the industry should come up with a factor for EACH carrier, NFIP FLOOD, EXCESS FLOOD & WIND CARRIER to pay their PRO RATA SHARE of the loss, subject to coinsurance penalty for underinsurance. That would end the bickering and add clarity to the debacle of simultaneous loss. AND DICKIE WOULD HAVE BEEN OUT OF A JOB!

  • January 10, 2007 at 1:19 am
    Tom says:
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    With elected officials like this, it\’s a wonder anything good ever gets done. Maybe the industry denied flood claims, because that\’s what the policies say, and that\’s what happened.

    This guy also doesn\’t have a clue about the federal antitrust laws. The limited exemption available to the insurance industry allows for sharing of \”blind\” data so rates can be more accurate, because of larger numbers. Take that away, and just how long does anyone think the smaller state or regional companies will last.

    Collusion, as the congressman suggests but offers no proof, was, is and always has been illegal. Maybe the guy should pay more attention to the 3,000+ dead Americans in Iraq, the lack of decent affordable health care in this country, the failure of our education system to keep up with the world, etc. On the other hand, if he know no more about those then about insurance, maybe it\’s best that he doesn\’t get involved.

  • January 10, 2007 at 1:58 am
    Zman says:
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    Mr. Taylor obviously has little understanding of the insurance industry or its anti-trust exemption. It\’s a shame that our public representatives grand-stand and bloviate on issues like this rather than devote their efforts toward productive purposes.

  • January 10, 2007 at 2:01 am
    Julio says:
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    OMG! If he thinks things are bad now with the involvement of the feds, how does he think it would get any better with MORE fed involvement? Maybe his brother needs a job and this is one way to guarantee him one.

  • January 10, 2007 at 3:25 am
    Banana says:
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    In Philadelphia, where the murder rate is now one death for each day of the New Year & going towards an even higher number than last year, our government is patroling local restaurants, cafe\’s & deli\’s to ensure that the new smoking ban is enforced.

    It\’s really a shame that we keep voting these idiots back into office again ana again.

    The last election I used my vote to vote out every encumbent that was running. Personally I am sick to death of these guys & if everyone followed suit maybe, just maybe, there would be change.

    Off with their heads!!!

  • January 10, 2007 at 5:15 am
    Court says:
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    Ahh, the court of public opinion! What a blooming idiot. The only reason Taylor is miffed is because he could not ride herd over the carrier that was on solid ground. With less than half the residents returning after 16 months, one would think the policians would see the writing on the wall. Banana has the right idea: We hired them, we can fire them!! It is truly unfortunate that they return to office, but we have met the enemy and it is us!

  • January 10, 2007 at 6:56 am
    HUM says:
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    Yep…In most cases I would agree. In this case however, I wouldn\’t count your chickens before they are hatched. If everything the Insurance carriers was on the up and up, they should have nothing to hide, however its telling that State Farm is nearing a settlement that very well might pay out several hundred million dollars to claimants in exchange for a criminal probe into their post Katrina practices being dropped by the state of Mississippi. Seems to me they are buying their way out of trouble. If they really had nothing to hide they would have nothing to fear so they wouldn\’t settle.
    Only time will tell.

  • January 11, 2007 at 10:26 am
    Julio says:
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    It doesn\’t matter how much was paid… it matters how much was legitimate claims. I lived in FL during Andrew, and the fraud was rampant. Still is, and probably will always be. Same for Katrina.

  • January 11, 2007 at 1:45 am
    Jeff says:
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    During the aftermath of Hurricane Camille, it was difficult to determine whether property was damage by wind, by water, or by both…..
    I do not think alot has changed since Camille, although I am not an engineer, Hurricane Katrina and Rita produced both wind and water damage, and if any insurer including State Farm is suggested that there was absolutely no damage from wind and it was all from water….then I\’m sorry, but, there just not doing the right thing..!!

  • January 12, 2007 at 3:44 am
    Miss America says:
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    This is the first time that I have seen Politicians stand up for the people.
    Going up against the system and demanding justice for all.
    How can you complain about that.
    We are divided in too many ways.
    Listen to what \”The People\” are trying to say.
    We paid State Farm to Protect our Homes
    from a Hurricane.
    They Lied, Cheated & Stole our Money then left us in the rain.
    We know the power that the Industry has,
    without these power of these men,
    we would still be in the rain.

    We did not cause Katrina.
    We are not lying about our claim.
    They lied to deny us and
    water is who they blamed.

    Scruggs is a man that will bring them to their knees. One and One is two my friend and the truth will prevail.

    It\’s time we have our Elected Politicians
    help us fight for our rights.

    I applaud the following gentlemen…
    G. Taylor, T.Lott, Scruggs & Hood & them,
    These were the only men
    that stood up to defend
    the Innocent Working American.

    A clash in Power… but in the end,
    we need to change America…
    This is what we\’re fighting for.

    If they do not regulate the Industry,
    you can be then next Victim.



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