Federal Judge in Mississippi 'Storm Surge' Case Upholds Home Insurance Flood Exclusion
National News • April 13, 2006
A federal judge in Mississippi has upheld the water damage exclusion in homeowners insurance policies in a ruling welcomed by insurers.
U.S. District Judge L.T. Senter, Jr. of the Southern ...
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Subject: RE: RE: Rodger - From Roger Poe
Posted On: April 15, 2006, 5:04 pm CDT
Posted By: Mark H
Comment:
Yes, I work for an insurance company as a claims adjuster. The comments I present here are my own and not those of the company I work for. Not giving my full name ensures that no connection is made between my views and the company.
Now for a few definitions:
"Replacement cost value underpayment estimation schemes" - paying local market prices for repairs, including catastrophe induced market condition increases, as opposed to the artifitialy inflated prices charged by most storm chasing contractors.
"Vermin" - (1) an excluded cause of loss; (2) contractor
"Premium calculation-to-claim loss ratio / contingent profit loop" - More contractor mumbo jumbo.
"Roger Poe" - Contractor extrordinair; Internet forum lizard; blessed with the gift of gab;
Subject: RE: RE: Rodger - From Roger Poe
Now for a few definitions:
"Replacement cost value underpayment estimation schemes" - paying local market prices for repairs, including catastrophe induced market condition increases, as opposed to the artifitialy inflated prices charged by most storm chasing contractors.
"Vermin" - (1) an excluded cause of loss; (2) contractor
"Premium calculation-to-claim loss ratio / contingent profit loop" - More contractor mumbo jumbo.
"Roger Poe" - Contractor extrordinair; Internet forum lizard; blessed with the gift of gab;