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Ind. April Hailstorms Generate $560 Million in Claims

Midwest News • July 24, 2006
A wave of April thunderstorms that pummeled central Indiana with hail the size of golf balls, or bigger, has so far generated insurance claims totaling $560 million, making it one of the state's ...

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Subject: Florida Model.

Posted On: July 24, 2006, 1:18 pm CDT
Posted By: Marty
Comment:
Based on the Florida model the insurance commisioner needs to demand rate decreases and Indiana courts need to create coverage broader than the policy contract. They also need to assess a special tax to increase the budget for the regulators in the dept.

When the carriers decide maybe they need to do business elsewhere the Indiana Insurance Dept needs to blame all of the carriers and then ask for a federal program to solve the problem.
Subject Posted By Posted On
Florida Model. Marty
Jul 24, 2006, 1:18 pm
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