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: RE: Where's the news about how terrible we are?
Posted On: August 7, 2007, 9:05 pm CDT
Posted By: chrome
Comment:
I am both glad and saddened at the same time for all of the people who were either misled or misinformed about insurance coverage in prone ares.
This is a huge problem and usually lies in th lap of the underwriter. Yes people chose to remove coverages from their policies because they can't afford the costs but it all stems back to the point I made on where the money collected from Insurance Companies ends up.
I agree with pay for performance but again nobody[CEO,CFO] I know is worth 11.66 million in pay for a year.This money could be distributed to the victims of storms instead of turning to the government to bail out people.
Large insurance companies ahve reinsurance to bail their butts out if the losses they suffer exceed X amount of dollars so think about it.
Adjuster Joe you've got a following brother.Their are a lot of people sick and tired except the few that reap the financial gains from manipululating the data they have.
Subject: RE: RE: Where's the news about how terrible we are?
This is a huge problem and usually lies in th lap of the underwriter. Yes people chose to remove coverages from their policies because they can't afford the costs but it all stems back to the point I made on where the money collected from Insurance Companies ends up.
I agree with pay for performance but again nobody[CEO,CFO] I know is worth 11.66 million in pay for a year.This money could be distributed to the victims of storms instead of turning to the government to bail out people.
Large insurance companies ahve reinsurance to bail their butts out if the losses they suffer exceed X amount of dollars so think about it.
Adjuster Joe you've got a following brother.Their are a lot of people sick and tired except the few that reap the financial gains from manipululating the data they have.