Posted On: April 19, 2007, 9:10 pm CDT

Posted By: David

Joe,

Here are the answer's to your questions that I know of.

1) Since I don't work for State Farm it would be hard for me to answer this question. I do know for a fact that of all the Engineers reports they ordered (likely in excess of 10,000) they paid on over 70%. I guess by your numbers, the only ones they haven't paid are the one's you cited here. So, let's kick the question back to you, Do you know for a fact they've denied 100% of all slab cases? Could a few of these 70% claims paid for wind damage be slab cases? You really don't now. I don't want to hear some independent adjuster line of crap. You CAN'T say for sure that all slab cases were denied without payment.

2) Not sure about this question either, but I can say, not all the slab cases have been heard.

3) State Farm and Allstate along with some others (when this is all over) will have punitative damages awarded against them.

4) This was a ploy by Trent Lott who was pissed off at State Farm. Don't be nieve enough to think he didn't have something to do with this. Just like your great Senator put wording in a recent bill not long ago that Dept. of Homeland Security would oversee the handling of the claims under the NFIP. That is what I want my Security Dept overlooking is our flood claims. Way to go Lott.....keep wasting our time and money.

5) I know some of State Farm's use of Engineering Firms has come into question. Just another political ploy by the plantiff's to give their side added advantage in court. You can make just about anything appear how you want it too.

6) This is really a sad argument for the people in south Mississippi. Basically, they are being told since it didn't effect Lott's house then he really doesn't care. What about all the other people in the so called small hurricances. Sorry, you don't count since the hurricane wasn't big enough. A storm surge is a storm surge whether it's 2ft or 20ft. But the people in Mississippi want to make up the rules as they go along. This is a reason why State Farm and other insurers will refrain from writing any new business or may pull out of the state all together.

7) For you to make this statement tells me you did not read the case in detail that I had asked you too. Each case is handled on it's own individual merits and must be investigated that way. Since you are a independent adjuster, you likely would have very little investigation into whether to pay a claim. Likely, the claim is investigated by the actual company reps who ascertain all the information and then make a descion. So with that being the case, you really don't know why the slab cases are denied (which you say they are) outside the fact they are denied.

Now, what is your hatred towards the largest insurer in the US. Apparently you are very much in the minority. If they are such an awful company then why do to insurer so many people. They take on risks (like coastal communities) that most others don't want to touch. They don't want to touch because financially they can't afford too. I would venture to guess State Farm would love to cover Hurricane (storm surge) among other perils that would directly effect the coast with the proper premium. The insurance policy was approved by the Insurance Commissioner as it was written. State Farm was allocated a premium for that contract. Now they are being told they will have to allocated tens of millions more dollars without actually charging the premium. The people of coastal mississippi know what their insurance covers. Some got flood insurance most did not. Not because of their inability to protect their property they want to blame someone else and why not State Farm...They have money....all i can say, is things have a tendancy to come full circle. I look forward to hearing your next ***** session in a few months and years about how outrageous the insurance premiums are in your state and you call remember back to KATRINA....