Posted On: April 13, 2007, 3:47 pm CDT

Posted By: KB Claims

All you hear about this situation is that State Farm inappropriately denied these "slab" claims. You don't hear about the number or value of claims that were paid immediately, appropriately, professionally. You don't hear about the CAT response teams being onsight quicker than the Federal Gov't. Or that most other insurers have pulled out of the area already. As is normally the case with US media appetites, the only story with legs was the negative one. The truth is that through ISO policy language the denials were defensible, although not empathetic. The real danger is that now with these claims being paid, all policy language is in jeopardy and subject to very public interpretation, insurance for coastal properties will be unavailable or astronomically prices & the already tenuous home mortgage business is in trouble. No, I'm not a State Farm employee. Just an educated consumer and adjuster reading more than just the major news outlet headlines.