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 ...
Insurance Journal is not responsible for the content of the message below.
Subject: RE: RE: RE: Where's the news about how terrible we are?
Posted On: August 7, 2007, 12:10 pm CDT
Posted By: adjusterjoe
Comment:
I am truly sorry you cannot comprehend the written word, ANON. You continue to try to compare apples to a bushel of grapefruit.
1. State Farm admitted they denied all slab cases. An admision to denying all does equal 100%. They lost and now are trying to lowball final settlements.
2. You try to lump settled cases hundreds of miles inland with slab cases. The insurance industry (even State Farm, except in OKLA where tornados hit and they attempt the same expert engineer tricks they use for Katrina claims) gets simple wind losses right every day. The vast majority of the Katrina claims are just that, simple wind claims over fifty miles from the coast. To compare closing those with the more difficult ones with real questions is absurd.
Subject: RE: RE: RE: Where's the news about how terrible we are?
1. State Farm admitted they denied all slab cases. An admision to denying all does equal 100%. They lost and now are trying to lowball final settlements.
2. You try to lump settled cases hundreds of miles inland with slab cases. The insurance industry (even State Farm, except in OKLA where tornados hit and they attempt the same expert engineer tricks they use for Katrina claims) gets simple wind losses right every day. The vast majority of the Katrina claims are just that, simple wind claims over fifty miles from the coast. To compare closing those with the more difficult ones with real questions is absurd.