Insurance companies better not give in on this. If there was no coverage why should they pay a claim. Figuring out if it was a flood or wind claim is the tough part. But the good people in New Orleans that decided not to buy flood insurance or were too cheap to buy flood are plum out of luck. I hope the insurance brokers that sold the HO insurance have signed documents showing their insured\’s refused flood insurance or their E&O could be paying these claims.
You all assume Hood is going to lose. He and Trent Lott should lose but I wouldn\’t count them out. Stranger things have happened in our courts. The insurance companies won in federal court but Hood and Lott\’s suits are both in state court.They just need to find a few claim managers who pushed too hard to have wind claims written up as water claims and you will be talking bad faith and punitive damages against the industry as well as coverage. I am not a betting man but,if I had to bet,I would put my money on Hood and Lott.
Everyone that\’s been in this business a few years knows that insurance is a great whipping boy for politicians. Just look at Eliot Spitzer and now a copy cat Charlie Christ in Florida. Political ambition requires that AG\’s and Commissioners attack the carriers and extract millions as bargaining chips for votes. Any chance Hood will be running for Governor or other polital office?
Insurance Companies should not pay for water damage…
BUT THEY SHOULD PAY FOR WIND.
They are trying to get away without paying for any damages by blaming the water.
MR. HOOD STOOD UP TO THE PLATE AND WENT TO BAT FOR THE PEOPLE AND HE HAS DONE MORE
THAN ANY ELECTED OFFICIAL FROM LA TO FL.
The good people in New Orleans were the same kind of people in Diamondhead.
Not too cheap but told they did not need flood.
PS Flood Insurance Pays each claim without doubt but Homeowners Insurance has underpaid almost every claim.
They simply blame the water and that\’s been their pattern forever.
In all the comments today and other days has one person not connected to the insurance industry said their insurance company has given them a fair shake and they shouldn\’t get more than what the adjuster wants to give them? That is your jury pool. If a judge lets this get to a jury,watch out!
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At least democrats realize that you don\’t use an apostrophe to indicate a plural form of the word. Idiot.
My Coy, you sure are picky. I wonder how many Democrats from the New Orleans school system can even spell Democrat.
I thought it was spelled
S-O-C-I-A-L-I-S-T?
Your comrade, Vlad.
I think evertbody in the insurance busness should file a slander, racial lawsuit against Hood.
How many millions of dollars are going to be wasted on this lawsuit on both sides?
Here\’s a stupid question – Will Mr. Hood be held accountable?
Insurance companies better not give in on this. If there was no coverage why should they pay a claim. Figuring out if it was a flood or wind claim is the tough part. But the good people in New Orleans that decided not to buy flood insurance or were too cheap to buy flood are plum out of luck. I hope the insurance brokers that sold the HO insurance have signed documents showing their insured\’s refused flood insurance or their E&O could be paying these claims.
You all assume Hood is going to lose. He and Trent Lott should lose but I wouldn\’t count them out. Stranger things have happened in our courts. The insurance companies won in federal court but Hood and Lott\’s suits are both in state court.They just need to find a few claim managers who pushed too hard to have wind claims written up as water claims and you will be talking bad faith and punitive damages against the industry as well as coverage. I am not a betting man but,if I had to bet,I would put my money on Hood and Lott.
Everyone that\’s been in this business a few years knows that insurance is a great whipping boy for politicians. Just look at Eliot Spitzer and now a copy cat Charlie Christ in Florida. Political ambition requires that AG\’s and Commissioners attack the carriers and extract millions as bargaining chips for votes. Any chance Hood will be running for Governor or other polital office?
Insurance Companies should not pay for water damage…
BUT THEY SHOULD PAY FOR WIND.
They are trying to get away without paying for any damages by blaming the water.
MR. HOOD STOOD UP TO THE PLATE AND WENT TO BAT FOR THE PEOPLE AND HE HAS DONE MORE
THAN ANY ELECTED OFFICIAL FROM LA TO FL.
The good people in New Orleans were the same kind of people in Diamondhead.
Not too cheap but told they did not need flood.
PS Flood Insurance Pays each claim without doubt but Homeowners Insurance has underpaid almost every claim.
They simply blame the water and that\’s been their pattern forever.
In all the comments today and other days has one person not connected to the insurance industry said their insurance company has given them a fair shake and they shouldn\’t get more than what the adjuster wants to give them? That is your jury pool. If a judge lets this get to a jury,watch out!