First and most importantly, I have a great deal of empahty for those homeowenrs and contractors dealing with the CHINESE drywall. But dictating insurance policy porvisions to companies for something that is not even a covered loss sure sounds like political posturing for a run for Senator. If Rep Melancon would maybe impose tarrifs or monetary sanctions against China and the manufactures or even the importors of this tainted drywall, the responsible parties, that would be a first step. We know this is not going to work or at the very least a very long process down an unsure road.
These people need their homes repaired NOW. Since our government is in the giving money away business, just allow the money that AIG and some of the car companies are going to be paying back go into a fund to be adminstered by a board of retired military construction personel from both states. The board will only have a three year life span and and they hire crews and make sure the every home that has made a claim for chinese drywall is repaired.
If not it will be interesting to watch how many of the houses either go vacant and are foreclosed or by unacts of God catch fire. Then the insurance that Rep Melancon dictates to provide coverage has to payout, and then all of our home insurance rates go up.
so, where are going to stop these inports? how many more products will come along and not be valid for use, whether personal items or otherwise? when are we going to stop foreign factories making our products safely stateside? folks need jobs here stateside, look at the unemployment rate. folks just need to take a job with less pay to work and make ends work. as americans, we can make our products meet the safety requirements. we can make our country grow.
the problem with manufacturing in this country is unions. they want too much. it’s easier and cheaper to deal with overseas labor. unions were formed during the industrial revolution due to workplace safety issues. they have gotten away from that founding principle. until they get more reasonable with their demands, we will have these problems.
They are NOT trying to make the drywall covered. They are trying to keep the insurance companies from canceling their policies for something that ISN’T covered! Duh! I fully support the bill, and I work in insurance. Insurance companies will do anything to get off those risks, even though they aren’t going to cover the losses anyway. It’s BS that they’ll try and use vancancy as a reason. This is just keeping the insurance industry from kicking these people while they are down. Insurance companies could learn to use a little empathy and their profits would skyrocket because maybe, just maybe, people would actually appreciate insurance and pay a higher premium for an empathetic insurance company.
The reason the insurers want to cancel the policies – and should be able to – is because the suits will contain “potentially covered counts” just to get the insurer to have to defend….the fact that it’s not covered doesn’t matter when your defense costs are $200,000 per file! Expenses count too!!!!!!! These insurers know they are going to be targets, and want out. I can’t say I blame them. Particularly in a liberal state like Louisiana where liberal judges and politicians simply want to dump the expense on the insurer.
Insured’s will NEVER empathize and appreciate insurance companies, thus causing them to be “more profitable”. Good business decisions on the part of the insurer – like getting out of Chinese drywall related risks – is what will financially benefit the insurance company. It’s no different than getting out of hurricane prone areas if you are averse to that risk, or not writing bars, because you don’t want that risk.
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Well, we knew this was coming. FL and the other wet states will be next.
No matter what happens, the insurance industry is going to look like the bad guy. As always.
First and most importantly, I have a great deal of empahty for those homeowenrs and contractors dealing with the CHINESE drywall. But dictating insurance policy porvisions to companies for something that is not even a covered loss sure sounds like political posturing for a run for Senator. If Rep Melancon would maybe impose tarrifs or monetary sanctions against China and the manufactures or even the importors of this tainted drywall, the responsible parties, that would be a first step. We know this is not going to work or at the very least a very long process down an unsure road.
These people need their homes repaired NOW. Since our government is in the giving money away business, just allow the money that AIG and some of the car companies are going to be paying back go into a fund to be adminstered by a board of retired military construction personel from both states. The board will only have a three year life span and and they hire crews and make sure the every home that has made a claim for chinese drywall is repaired.
If not it will be interesting to watch how many of the houses either go vacant and are foreclosed or by unacts of God catch fire. Then the insurance that Rep Melancon dictates to provide coverage has to payout, and then all of our home insurance rates go up.
I thought the states were responsible for regulating insurance companies….silly me.
So, now the legislators think they can just snap their fingers, write a law, and that law will change the terms of a previous contract?????????????
Give me a break!!!!!!! It’s NOT COVERED, INSURANCE COMPANIES DID NOT CHARGE FOR SUCH A RISK, AND THEY SHOULD NOT BE THE ONES TO PAY FOR IT.
The insanity of these liberal politicians continues!!!!!!!!!!!!!!!!!!!!!!
Louisiana = Welfare State – and no wonder with politicians like this who don’t abdicate personal responsibility.
so, where are going to stop these inports? how many more products will come along and not be valid for use, whether personal items or otherwise? when are we going to stop foreign factories making our products safely stateside? folks need jobs here stateside, look at the unemployment rate. folks just need to take a job with less pay to work and make ends work. as americans, we can make our products meet the safety requirements. we can make our country grow.
the problem with manufacturing in this country is unions. they want too much. it’s easier and cheaper to deal with overseas labor. unions were formed during the industrial revolution due to workplace safety issues. they have gotten away from that founding principle. until they get more reasonable with their demands, we will have these problems.
They are NOT trying to make the drywall covered. They are trying to keep the insurance companies from canceling their policies for something that ISN’T covered! Duh! I fully support the bill, and I work in insurance. Insurance companies will do anything to get off those risks, even though they aren’t going to cover the losses anyway. It’s BS that they’ll try and use vancancy as a reason. This is just keeping the insurance industry from kicking these people while they are down. Insurance companies could learn to use a little empathy and their profits would skyrocket because maybe, just maybe, people would actually appreciate insurance and pay a higher premium for an empathetic insurance company.
The reason the insurers want to cancel the policies – and should be able to – is because the suits will contain “potentially covered counts” just to get the insurer to have to defend….the fact that it’s not covered doesn’t matter when your defense costs are $200,000 per file! Expenses count too!!!!!!! These insurers know they are going to be targets, and want out. I can’t say I blame them. Particularly in a liberal state like Louisiana where liberal judges and politicians simply want to dump the expense on the insurer.
Insured’s will NEVER empathize and appreciate insurance companies, thus causing them to be “more profitable”. Good business decisions on the part of the insurer – like getting out of Chinese drywall related risks – is what will financially benefit the insurance company. It’s no different than getting out of hurricane prone areas if you are averse to that risk, or not writing bars, because you don’t want that risk.
ARE THESE HOMES REALLY “VACANT”?