Katrina at Two Years: $40.6 Billion Paid on 1.7 Million Insurance Claims
National News • August 7, 2007
Two years later, the "overwhelming majority of claims" in Gulf Coast states from Hurricane Katrina have been settled in what has been the single largest loss — $40.6 billion — in the history of ...
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Subject: Where's the news about how terrible we are?
Posted On: August 7, 2007, 7:51 am CDT
Posted By: Anon
Comment:
Wait a second here: 99% of claims settled, most lawsuits no longer in contention, $40.6 billion dollars paid, 1.7 million claims. Sounds like overall the industry did a pretty decent job. Sure, there's some whiners out there but if you take 1.7 million insurance claims (regardless of exposure) I'm sure you'll find quite a few dissatisfied customers with very loud voices.
With a few mishandled claims exceptions - to be expected considering the magnitude of what had to be dealt with - the industry should be proud of what it accomplished given the nature and scope of the disaster.
Now, it's 2-years later... it's over. Quit your whinning and begging for handouts. Get to rebuilding your cities, your lives, and yourselves. No more Oliver Twists asking for more.
You're cut off. We're revoking your "Woe Is Me" membership card. We all face adversity in life. People in residential fires have lost everything and don't take 2-years to rebuild or don't need FEMA trailers. Get on with it.
Subject: Where's the news about how terrible we are?
With a few mishandled claims exceptions - to be expected considering the magnitude of what had to be dealt with - the industry should be proud of what it accomplished given the nature and scope of the disaster.
Now, it's 2-years later... it's over. Quit your whinning and begging for handouts. Get to rebuilding your cities, your lives, and yourselves. No more Oliver Twists asking for more.
You're cut off. We're revoking your "Woe Is Me" membership card. We all face adversity in life. People in residential fires have lost everything and don't take 2-years to rebuild or don't need FEMA trailers. Get on with it.