Miss. Congressman Calls for Federal Probe into Insurers' Katrina Practices
National News • January 10, 2007
U.S. Rep. Gene Taylor has called for a congressional investigation into the post-Hurricane Katrina practices of private insurance companies.
Taylor, D-Miss., made the announcement Monday at a ...
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Subject: SCRUG'S SURGES AHEAD
Posted On: January 10, 2007, 9:14 pm CST
Posted By: OmniSure
Comment:
Since the carriers are calling the primary contributor to the property damage STORM SURGE (excluded) They are offering, what... 10percent, 20percent, 30percent maybe 50percent in some cases of the coverage A limit for reiumbursement on the wind and zip for the surge. Effectively they are saying it is unlikely that the WIND caused the majority of the damage, after all, it seems much more ligical for a home to be reduced to rubble from a TIDAL WAVE/STORM SURGE than from hurricane force winds, RIGHT?
Than explain to me how 3Billion of property damage occured in Florida after Hurricane Andrew in 1992? There wasn't one drop of flood or storm surger in Miami with Andrew. Andrew reduced, even multi story, commercial, reinforced, concrete buildings to rubble with just WIND.
I wonder if Scrugs will juxtopose Andrew and Katrina during the trial, it would WIN the case for him.
Now where are my Andrew photos? Oh, here they are, yes Dickie, you can call me now.
PS: When hurricanes and floods/storm surge occur simultaneously and damage a house, the industry should come up with a factor for EACH carrier, NFIP FLOOD, EXCESS FLOOD & WIND CARRIER to pay their PRO RATA SHARE of the loss, subject to coinsurance penalty for underinsurance. That would end the bickering and add clarity to the debacle of simultaneous loss. AND DICKIE WOULD HAVE BEEN OUT OF A JOB!
Subject: SCRUG'S SURGES AHEAD
Than explain to me how 3Billion of property damage occured in Florida after Hurricane Andrew in 1992? There wasn't one drop of flood or storm surger in Miami with Andrew. Andrew reduced, even multi story, commercial, reinforced, concrete buildings to rubble with just WIND.
I wonder if Scrugs will juxtopose Andrew and Katrina during the trial, it would WIN the case for him.
Now where are my Andrew photos? Oh, here they are, yes Dickie, you can call me now.
PS: When hurricanes and floods/storm surge occur simultaneously and damage a house, the industry should come up with a factor for EACH carrier, NFIP FLOOD, EXCESS FLOOD & WIND CARRIER to pay their PRO RATA SHARE of the loss, subject to coinsurance penalty for underinsurance. That would end the bickering and add clarity to the debacle of simultaneous loss. AND DICKIE WOULD HAVE BEEN OUT OF A JOB!