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: Insurers and adjusters are playing with consumers.
Posted On: May 18, 2006, 5:18 pm CDT
Posted By: Roger Poe
Comment:
5-18-2006
Martha,
You commented:
"Unfortunately, beginning with the four hurricanes in 2004, claims adjusting practices have changed dramatically. Suddenly, roofs, carpets, awnings, and a litany of other trades are no longer allowed to be considered for Overhead and Profit by many insurers.
Taxes and O&P are no longer are part of the calculation for ACV. We "negotiate" different prices with individual insureds as if we were purchasing an automobile."
and,
"Mr. Poe, on behalf of those in this profession who take pride in said profession, I will apologize on behalf of these representatives of our industry, who with obvious disdain and disregard for the wide-spread consequences of their arrogance and flagrantly, biased disrespect for their insureds, contractors, attorneys or any others who oppose or even call into question their righteousness, honor, or the finality of their opinions.
Their defensive, territorial chest-beating and sophomoric, belittling statements are a clear indication of exactly why consumers need protection."
__________
Thank you Martha for your frank commentary. What Tony and others like him have to say does not bother me.
What bothers me is that naive consumers and others, even in regualtory, and other governmental authority positions, would believe their half truths and misinformation, if left up to them alone to explain their conduct.
It seems that Texas is the testing ground for such unfair conduct, and then the rest of the nation receives the polished results. The claim handling conduct you described has been going on here hot and heavy since 2002.
From my client records, Allstate, State Farm, Farmers, Safeco, USAA and the Texas Wind Storm Association have treated their insureds, and contractors, quite interestingly since 2002.
I truly believe the DOJ and FBI are going to investigate such matters, as they have become too large, and too obvious, to go on unaddressed.
By the way Martha, "From Good Hands To Boxing Gloves" is being published shortly.
Allstate tried to keep it from being published. Hmmmmm....Their explanation, to a judge, was not "convincing".
You might "Google" search the book title, and too, please feel free to contact me.
rogerpoegc@yahoo.com
Subject: RE: Insurers and adjusters are playing with consumers.
Martha,
You commented:
"Unfortunately, beginning with the four hurricanes in 2004, claims adjusting practices have changed dramatically. Suddenly, roofs, carpets, awnings, and a litany of other trades are no longer allowed to be considered for Overhead and Profit by many insurers.
Taxes and O&P are no longer are part of the calculation for ACV. We "negotiate" different prices with individual insureds as if we were purchasing an automobile."
and,
"Mr. Poe, on behalf of those in this profession who take pride in said profession, I will apologize on behalf of these representatives of our industry, who with obvious disdain and disregard for the wide-spread consequences of their arrogance and flagrantly, biased disrespect for their insureds, contractors, attorneys or any others who oppose or even call into question their righteousness, honor, or the finality of their opinions.
Their defensive, territorial chest-beating and sophomoric, belittling statements are a clear indication of exactly why consumers need protection."
__________
Thank you Martha for your frank commentary. What Tony and others like him have to say does not bother me.
What bothers me is that naive consumers and others, even in regualtory, and other governmental authority positions, would believe their half truths and misinformation, if left up to them alone to explain their conduct.
It seems that Texas is the testing ground for such unfair conduct, and then the rest of the nation receives the polished results. The claim handling conduct you described has been going on here hot and heavy since 2002.
From my client records, Allstate, State Farm, Farmers, Safeco, USAA and the Texas Wind Storm Association have treated their insureds, and contractors, quite interestingly since 2002.
I truly believe the DOJ and FBI are going to investigate such matters, as they have become too large, and too obvious, to go on unaddressed.
By the way Martha, "From Good Hands To Boxing Gloves" is being published shortly.
Allstate tried to keep it from being published. Hmmmmm....Their explanation, to a judge, was not "convincing".
You might "Google" search the book title, and too, please feel free to contact me.
rogerpoegc@yahoo.com