Friday, July 14, 2006

People v. Insurance companies

What a day for court cases...

Many people whose houses were devastated due to Hurricane Katrina soon learned that the insurance companies were out to screw them. Most of the insurance companies' "excuses" revolve around the differentiation of wind and flood damage. There have been differing reports on just how they screwed people. For example, some people were assured by agents that they didn't need additional flood coverage to protect their property from hurricane damage, only to find their claims largely rejected because their insurance company claimed the damage was actually flood damage.

Some of these homeowners are screwing back.

Best line from the insurance company spokesman: Lawyers for the plaintiffs are “trying to muddy the waters with a great deal of information."

Right. As if you were not muddying the waters with disinformation.

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