Texas / South Central News
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Class Action Suit Filed in New Orleans Against 15 Homeowners Insurers
Texas / South Central News • June 1, 2006
A class action lawsuit was filed in the United States District Court for the Eastern District of Louisiana on May 24, 2006, on behalf of Greater New Orleans Metropolitan Area homeowners insurance ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Full disclosure | Kim David | Apr 9, 2009, 1:51 am |
| Full disclosure | PRL | Sep 26, 2007, 8:16 am |
| RE: ClaimHawk LL | Kimi David | Jun 12, 2006, 5:44 pm |
| ClaimHawk | Irene | Jun 8, 2006, 8:39 am |
| Kim & Irene | ClaimHawk | Jun 7, 2006, 9:41 pm |
| RE: RE: We The People-Stand Together-Help Each Other | Kim David | Jun 6, 2006, 3:26 pm |
| RE: RE: Help from an unexpected source | Irene | Jun 6, 2006, 8:57 am |
| RE: Help from an unexpected source | LL | Jun 5, 2006, 9:29 pm |
| Help from an unexpected source | Irene | Jun 5, 2006, 3:09 pm |
| LL - Short ,cold, callous remarks only hurt you, not others. | ClaimHawk | Jun 4, 2006, 9:36 am |
| RE: We The People-Stand Together-Help Each Other | LL | Jun 2, 2006, 10:27 pm |
| We The People-Stand Together-Help Each Other | KIM DAVID | Jun 2, 2006, 6:15 pm |
| RE: FEMA Should Sell Hurricane Ins. Wind and/or Water Damag | Kimi David | Jun 2, 2006, 5:52 pm |
| FEMA Should Sell Hurricane Ins. Wind and/or Water Damage | FCASCPCU | Jun 2, 2006, 4:44 pm |
| FEMA Should Sell Hurricane Ins. Wind and/or Water Damage | Kimi David | Jun 2, 2006, 2:44 pm |
| RE: What's to come... | Plymn | Jun 2, 2006, 1:13 pm |
| "Unfairly" excessive? | FCASCPCU | Jun 2, 2006, 10:02 am |
| Is ignoring relevent evidence good faith conduct? | ClaimHawk | Jun 1, 2006, 5:58 pm |
| What's to come... | BWR | Jun 1, 2006, 5:00 pm |
| RE: RE: What else? | The Public | Jun 1, 2006, 4:13 pm |
| RE: RE: What else? | Sam | Jun 1, 2006, 3:29 pm |
| RE: What else? | Give the public what it wants! | Jun 1, 2006, 2:02 pm |
| RE: What else? | Tom | Jun 1, 2006, 1:45 pm |
| What else? | Sam | Jun 1, 2006, 1:38 pm |
| Back to article | ||
Subject: RE: What else?
Recent press, litigation and the loud expressions from the public demonstrate that the residents in those areas have an insatiable expectation that their homeowners insurance provide coverage for
flood perils etc. on a truly all risk basis.
I find it hard to believe that any insurer lacks the actuarial ability to promulgate
an adequate rate to cover such exposures.
Admittedly, such a scheme might require dramatic increases (doubling, tripling, quadrupaling? in existing rate structures, but let market forces decide.
If the public decides that the required insurance premium is not economically feasable, they can make the decision not to insurer their property. In the worse case scenario they would merely suffer the inconvenience of needing to stop by the bank and paying off their mortgages if they elected to violate the mandatory insurance requirements.