Sen. Lott Wants Insurance Gap Disclosure Enforced by Feds

April 2, 2007

  • April 3, 2007 at 3:37 am
    Raoul says:
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    As recently outlined on 48HRS:
    > Tired of constantly being broke and stuck in an unhappy marriage, a young
    > man decided to solve both problems, by taking out a large Insurance Policy
    > on his wife, with himself as beneficiary, and arranged to have her killed.
    >
    > A \”friend of a friend\” put him in touch with a nefarious underworld figure
    > who went by the name of \”Artie\”. Artie explained that his going price for
    > snuffing out a spouse was $5,000.00 The husband agreed to the amount,
    > explaining that he would not have any cash, until he collected his
    > Insurance money. Artie insisted on being paid something up front. The
    > man opened his wallet displaying a single dollar bill. Artie rolled his
    > eyes, and reluctantly agreed to accept the dollar as downpayment for the
    > dirty deed.
    >
    > A few days later, Artie followed the man\’s wife to the Wal-Mart store.
    > There, he surprised her in the produce department and strangled her with
    > gloved hands. As the poor unsuspecting woman drew her last breath and
    > slumped to the floor, the produce manager rounded the corner. Unwilling
    > to leave any witness behind, Artie had no choice but to strangle the
    > produce manager as well.
    >
    > Unknown to Artie, the entire incident was captured by hidden cameras and
    > observed by the store security guard, who immediately called the police.
    > Artie was apprehended before he could leave the store. Under intense
    > questioning at the police station, Artie revealed the sordid plan,
    > including his financial arrangements with the husband.
    >
    > The next day, the Post headlines declared……….
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    > SCAN DOWN VVVVVVVVV
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    > \”ARTIE CHOKES TWO FOR A DOLLAR AT WAL-MART\”

  • April 3, 2007 at 3:43 am
    Gill Fin says:
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    Lets make the policy cover everything for everybody everytime. Since we\’ll never have to tell a client their loss won\’t be covered we\’ll enjoy a stressfree existence, not to mention a four fold pay raise when those nasty insurers charge what is necessary for an all risk, all peril policy. If the contracts arent worth the paper they are written on, lets dump them along with the attorneys who fight over them. No need for attorneys any longer – whats to fight about?

  • April 3, 2007 at 3:51 am
    Joanna Eiermann says:
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    You got it. Not only do Insurer\’s not want to insure for Catastrophic events most likely to occur but they don\’t want the Feds or State Gov\’t to offer any either. For example, Insurer\’s are opposed to Missouri legislation allowing for a Cat Fund to protect consumer against insurer insolvencies. Bottom line. . . consumers that make the wrong choice on insurers is S.O.L. Not every insurer is admitted and even if they are the guarantee fund is like having a bad insurance company with the motto, \”slow pay and maybe no pay\”

  • April 3, 2007 at 4:05 am
    Oh-Oh! says:
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    Al Foil, did someone hit a nerve!

  • April 3, 2007 at 4:19 am
    Chad Balaamaba says:
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    sounds like there is a groudswell of support for the new, Oprah EZ Reader/EZPAY Policy. It\’s so easy, even a dead caveman could do it. You simply find any agent: Auto, health, life, home, secret/covert, and offer to pay what you think you should for the coverage you want to have. There you have it- Your covered! Best of all, you only have to offer to pay; you can withhold payment until the END of the policy period, that way, if you\’re not satisfied 100%, you don\’t pay a dime!

    Why should you pay AHEAD of time for insurance you hopefully won\’t have to use?
    By simply completing the one page application and affidavit of ingratiation, you now have auto, home, health, and life coverage; you get to pick! And best of all, if you don\’t get paid for your claim to your satisfaction, you don\’t have to pay your premium!!!!!!!

    \”ah wish ah had heard about dis Orpah EZ Reedin\’ palicee before ah had me little mishap with mah beech propertee…best of all, ah dont haf ta pay a dime iffin\’ ah aint compleetlee satisf, satisz, sats; uh, happy with the dag gum thing\” T.L., anonymous elected official, MS.

  • April 3, 2007 at 4:27 am
    Winner says:
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    Sounds like a Policy to me!

  • April 3, 2007 at 5:01 am
    Al Gore says:
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    I am in the process of inventing a place called fantasy land _(I came up with this idea during a trip to Disneyland when I was a small child and suggested it to Walt and he ran with it)in this land Kim David will be my dictator of insurance. We will mandate the OprahEZ policy as the standard and we will use only recycled government documents from the rose law firm as our paper and sunlight and a magnifying glass to inscribe the plain english discriptions of the non covered events.

  • April 3, 2007 at 5:26 am
    Chad Balaamaba says:
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    now I think I must vote for Algore…

  • April 4, 2007 at 8:24 am
    Bird Finger for Big Bird says:
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    One day you will understand.
    Until then, stay in your tree.

  • April 4, 2007 at 8:45 am
    Insured Without Coverage says:
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    The ole bait & switch? Why are you people so defensive because a Senator is asking for the explanation of benefits to be written where the Insured can clearly understand what you are selling them, without deception.
    You are guilty as sin because you are hiding the facts from the people that you want to trust you!
    You also reversed it when they sued you.
    You say they are trying to get something for free and they are not entitled to benefits because the policy did not include wind damage for a hurricane.
    If you would not have deceived them, they would & could not have sued, muchless won.
    Lick you wounds and move on because you will never win because it is you that deceived people. Your Own Clients too!
    Thanks to Katrina, we now know that there is no such thing as Hurricane Insurance but you still want them to pay the extra hurricane deductible or charge more without it.
    You Greedy, Greedy Grandmas!



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