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: Pay What is Owed
Posted On: August 10, 2007, 8:05 am CDT
Posted By: Sam
Comment:
Thank you Mark for pointing out the purpose of the policy. Pay what is owed.
Chrome, you are making assumptions about me, just as Joe did. Please don't. You are wrong.
I do not purposely set out and look for a way to deny coverage for any claim. I look for every way possible to provide coverage to the policyholder based on the policy language. Sometimes, there is no coverage. If there is a dispute about the policy language, I look to case law AND seek the opinion of coverage counsel in that jurisdiction. I, like Mark, pay what is owed under the policy and have NEVER blindly denied a claim as suggested by a few posters. Nor have I ever hired an engineer to look for a way to deny coverage, nor encouraged an engineer or other expert to fabricate evidence.
Joe, I have provided several facts, cases and articles to you that dispute your position. Instead of continuing what is a futile argument with you, I chose to discontinue posting. You accused me of 'taking my marbles and going home'. Well, that is my prerogative.
To All - Have a Nice Day
Subject: Pay What is Owed
Chrome, you are making assumptions about me, just as Joe did. Please don't. You are wrong.
I do not purposely set out and look for a way to deny coverage for any claim. I look for every way possible to provide coverage to the policyholder based on the policy language. Sometimes, there is no coverage. If there is a dispute about the policy language, I look to case law AND seek the opinion of coverage counsel in that jurisdiction. I, like Mark, pay what is owed under the policy and have NEVER blindly denied a claim as suggested by a few posters. Nor have I ever hired an engineer to look for a way to deny coverage, nor encouraged an engineer or other expert to fabricate evidence.
Joe, I have provided several facts, cases and articles to you that dispute your position. Instead of continuing what is a futile argument with you, I chose to discontinue posting. You accused me of 'taking my marbles and going home'. Well, that is my prerogative.
To All - Have a Nice Day