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Allstate won't pay Katrina flood claims
MarketWatch ^
| Sept. 20, 2005
| Alistair Barr
Posted on 09/21/2005 10:01:23 AM PDT by george76
click here to read article
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1
posted on
09/21/2005 10:01:24 AM PDT
by
george76
To: george76
Ha! We'll see about that.
2
posted on
09/21/2005 10:02:55 AM PDT
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all.)
However, many homeowners hit by Katrina may not have bought this extra coverage.Why should that be Allstate's problem? For that matter, why should that be the taxpayer's problem? Answer, it shouldn't.
3
posted on
09/21/2005 10:03:34 AM PDT
by
NonValueAdded
("Freedom of speech makes it much easier to spot the idiots." [Jay Lessig, 2/7/2005])
To: george76
Allstate won't pay Katrina flood claims As they shouldn't, unless the storm (and not the flooding) damaged the property.
4
posted on
09/21/2005 10:04:24 AM PDT
by
IMRight
To: george76
Mississippi's Hood sued Allstate and four other leading insurers in the state on Sept. 16, arguing that their flood exclusions should be voided and that they should pay flood claims.
And exactly why should they have to pay flood claims if it's excluded? I guess bankrupting all the insurance companies would make everything better.
Owl_Eagle(If what I just wrote makes you sad or angry,
it was probably sarcasm)
5
posted on
09/21/2005 10:05:26 AM PDT
by
End Times Sentinel
(In Memory of my Dear Friend Henry Lee II)
To: george76
ummmmmmmmm did they HAVE FLOOD INSURANCE??? (probably not)
I have no love for insurance companies but they have no reason to pay anything except exisiting policies.
Are they going to try to LAWSUIT them into paying for things they did not cover?
6
posted on
09/21/2005 10:05:28 AM PDT
by
Mr. K
(Some days even my lucky rocketship underpants don't help...)
To: IMRight
How do you determine what was damaged by wind, and by water. Something with water damage, could have been conceivably damaged by the wind first.
7
posted on
09/21/2005 10:05:46 AM PDT
by
dfwgator
To: george76
Maybe they should sue to force Allstate to pay the claims of people who didn't have insurance at all, or might have had their insurance with a different carrier.
What a crock. Go after the deep pockets, who cares if it's right or wrong. The trial lawyers are going to have a field day in the Gulf region.
8
posted on
09/21/2005 10:05:56 AM PDT
by
Hurricane Andrew
(History teaches that wars begin when governments believe the price of aggression is cheap.)
To: Texas Eagle
May I presume from your comment that you agree that the insurance company should pay for damage specifically excluded from the policy?
To: NonValueAdded
Allstate has more grounds to sue NO than MS. NO didn't evacuate whereas MS didn't delay.
10
posted on
09/21/2005 10:06:03 AM PDT
by
saveliberty
(Liberal=in need of therapy but would rather ruin the lives of those less fortunate to feel good.)
To: george76
Allstates competitors should jump at this and say they will cover ALL claims flood or wind. They would soon have all of Allstates customers.
11
posted on
09/21/2005 10:06:11 AM PDT
by
ladtx
( "Remember your regiment and follow your officers." Captain Charles May, 2d Dragoons, 9 May 1846)
To: Bacon Man; Hap
12
posted on
09/21/2005 10:06:43 AM PDT
by
Xenalyte
(West Houston . . . sorta near where the Beltway and I-10 have that hideous intersection)
To: Texas Eagle
To: george76
The lesson here is you are not responsible for your investments; if you decide to cut corners on insurance the state will sue the insurance company for you. They will not win probably, but if they do, Allstate should pull out of the state (and the other companies will follow)and no one there will have any insurance. I have family in Florida, homeowners insurance is about 4 times what it is here in San Francisco.
To: Ben Mugged
May I presume from your comment that you agree that the insurance company should pay for damage specifically excluded from the policy?No. However, you may presume that The Left will rain down holy hell on Allstate and Allstate will buckle.
15
posted on
09/21/2005 10:07:46 AM PDT
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all.)
To: george76
I guess those folks with Allstate insurance weren't in 'good hands' after all.
16
posted on
09/21/2005 10:07:46 AM PDT
by
SuziQ
To: george76; Southack; Brilliant; Buckhead; little jeremiah; BykrBayb; Calpernia; Cindy; backhoe
17
posted on
09/21/2005 10:07:46 AM PDT
by
The Spirit Of Allegiance
(SAVE THE BRAINFOREST! Boycott the RED Dead Tree Media & NUKE the DNC Class Action Temper Tantrum!)
To: george76
Don't worry, the American tax payer is going to pay all those claims and then some. I almost wish I lived in NO. For a couple weeks of hardship I could have a new house at no cost to me.
18
posted on
09/21/2005 10:08:08 AM PDT
by
John D
To: dfwgator
That is why you saw buildings on fire...wink wink.
To: Xenalyte
20
posted on
09/21/2005 10:08:51 AM PDT
by
Conspiracy Guy
(Ponce de Leon is coming here to look for the fountain of dumb. DC is his first stop.)
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