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: RE: Where's the news about how terrible we are?
Posted On: August 7, 2007, 8:59 am CDT
Posted By: adjusterjoe
Comment:
You can stop patting yourself on the back also. What a joke. The vast majority of claims (probably over 90%) were simple wind to shingles and resulting water damage as far north as Memphis. Yes, it is very easy to get simple wind claims right, but State Farm and Nationwide got 100% of their claims of wind vs water wrong and yes there are still thousands of mishandled claims still out there. A better percentage comparision would be what percentage of the wind vs water claims were properly settled from the start and how many are settled now.
Subject: RE: Where's the news about how terrible we are?