[Texas Eagle]

Ha! We'll see about that.

[NonValueAdded]

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.

[IMRight]

Allstate won't pay Katrina flood claims

As they shouldn't, unless the storm (and not the flooding) damaged the property.

[End Times Sentinel]

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)

[Mr. K]

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?

[Hurricane Andrew]

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.

[ladtx]

Allstates competitors should jump at this and say they will cover ALL claims flood or wind. They would soon have all of Allstates customers.

[Xenalyte]

Allstate ping!

[SF Republican]

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.

[SuziQ]

I guess those folks with Allstate insurance weren't in 'good hands' after all.

[The Spirit Of Allegiance]

Meanwhile, maybe they are at least building their reserves for the covering of future AIDS claims...

Here Are The Facts On The Allstate/Matt Barber Situation

Informational Web Site Launched In Support Of Fired Allstate Employee Matt Barber (Update)

[John D]

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.

[Skooz]

If the people did not buy the coverage and pay the extra premiums, they don't have a leg to stand on.

To expect an insurance company to pay on non-existent policies is just goofy.

[Hegemony Cricket]

Hmmmmmmm. Why do insurance companies always own the tallest buildings in town?

[Rocky]

Everyone on the Gulf Coast is informed by their insurance company, neighbors, the press... that homeowner's insurance does NOT cover flooding (rising water). You must have flood insurance for that.

[b4its2late]

The good hands people?

[Kenton]

That's the problem, when something like this happens, all the deadbeats who don't carry insurance come out of the woodwork and expect to be indemnified at the expense of the people who DO pay to properly insure their property.

I don't want my insurance costs going up to pay for people who aren't even insured by Allstate. And yes, I'm sorry about your loss.

[<1/1,000,000th%]

That's All-State's stand.

[Sthitch]

All State should not submit to the scam idea that the flooding damage was caused by the wind. I would be happy to have the Federal Government to get out of the flood insurance business, and leave it to the free market.

[colorado tanker]

I'm not so sure this is as cut and dried as most think. NO flooding due to a levee break is a true flood IMHO. But what about buildings that aren't in a flood plain but were hit by the extraordinary storm surge? Isn't the surge a result of the high winds? I'm not picking sides, but I see the argument.