Posted on 09/24/2005 1:01:43 PM PDT by Graybeard58
Sick beyond belief.
Trial lawyers are the biggest scum in this country.
He needs a good dragging.
I relly like the idea of lawyers IN the levee.
If there's anything worse than the "arm-chair first responders" who want to sit around and second guess the President on down the line, It could be your category of pitiful "armchair worrywarts" who piously piss and moan along with all the other crybabies.
There has been more money stolen by politicians and lawyers manipulating the law than will ever be stolen with a gun. These guys make the folks at Worldcom and Enron look good.
How about this for a counter proposal? Sue the trial lawyers for the flood damages. They've written as many flood insurance policies as the insurance industry, zero. They've got lots of money. And, unlilke the insurance industry, tearing down the trial lawyers will be good for the economy. Which is enough for a government taking according to the Supreme Court.
All at the same time? Could be an opportunity here.
Unintended Consequences of Flood Exclusion Avoidance Suits
Within 3 weeks of Hurricane Katrina, private and public lawsuits have sought to make private insurers pay for flood claims despite policy exclusions and decades of availability of subsidized flood insurance from the National Flood Insurance Program (NFIP). (Unintended Consequences: Mississippi AG's Complaint Seeking to Void Standard Flood Exclusions)
If they are successful in their actions, the unintended consequences for society are likely to be signficant. Societal impacts may include:
*** Exacerbation of already heavy underwriting losses by private and public insurers with Gulf Coast exposures;
*** Impairment of insurance industry capital available for coverage during recovery;
*** Possible destruction of the marketability of federal flood insurance;
*** Increased insolvency of insurers with Gulf Coast property exposure concentrations;
*** Cash flow or solvency crises in the affected states' Insurance Guaranty Associations, windpools and FAIR plans;
*** Declination by primary and reinsurance companies to write coverage in the affected states on reconstruction contractors, homeowners, apartment owners and business owners;
*** "Lock-in" legislation by affected states attempting to mandate availability and forbid withdrawal;
*** Creation of new state-run insurance availability plans operated by political appointees without insurance experience.
The uncertainty surrounding these ill-considered lawsuits are likely to have some immediate impacts, as year-end renewal cycles approach. Responsible insurers may begin issuing protective non-renewal notices as soon as any "lock-in" moratoria expire, in order to preserve their contractual rights. Reinsurers and "surplus lines" carriers, being largely outside of the reach of local regulation, may take action despite attempted "lock-ins" seen in past insurance crises.
Later consequences may include:
*** Expensive antitrust actions, based on Hartford Fire Ins. Co. v. California, 509 U.S. 764 (1993), to discourage insurers from withdrawing;
*** Federal mandates of purchase of flood insurance, just as it requires contributions to Social Security;
*** Federal reform of the flood insurance scheme to include "channelling" protection for the enforceability of policy exclusions, along the lines of the Price-Anderson Act or the Terrorism Risk Insurance Act (TRIA).
I relly like the idea of lawyers IN the levee.
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Problem is they're so full of hot air that they have no staying power. They wouldn't be able to stop a drop of water unless there was a buck attached to it.
Now, if the New Orleans officials would have been smart, they would have just a small pile of $1 bills in the breach in front of a bunch of lawyers and the immediate pile on would have worked as a temporary band-aid to stop the levee breach...
Unfortunately, as the sharks all quickly fed on each other and nothing was left but hot air, that band-aid would have collapsed too...
ANTI-DNC Web Portal at ---> http://www.noDNC.com
Concrete overshoes.
Scum is too kind a word.
Plus most politicians seem to be lawyers. No wonder things keep getting so screwed up and the tax payer screwed over...
Socialism/Communism at it's best.
I drove my lawyer to the levee but the levee was dry.
I'd bet every insurance policy was written or OK'd by a lawyer.
Let the class acion lawsuits against the lawyers begin!
New research has shown that if we took all the lawyers and layid them end to end around the equator, it would be a good start.
I don't know what will happen with Mississippi lawsuits on this, but Mississippi has a history of frivilous lawsuits, outrageous medical malpractice lawsuits, jury shopping.
Does anyone else remember the Mississipi nurse who called in to Rush show describing how doctors and nurses were leaving the state in droves because of out of control lawyers?
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http://www.house.gov/pickering/Tort.htm
"...The state of Mississippi is in a crisis -- doctors and nurses are leaving, clinics are closing, prescription drug costs are rising, and our loved ones' health is at risk. The lack of reasonable lawsuit reform affects every aspect of our health care system - it makes treatment and medicine more expensive and less available, particularly in rural counties. It also clips the wings of any community hoping to expand its economic base, because industry will not come to a county that cannot provide quality health care..."
But what about Louisiana? I can already imagine lawyers there suing the Federal government because Louisiana crooks used sub-standard materials to build those New Orleans levees.
Mortgage companies REQUIRE flood insurance, paid for by the homeowner, if the property is in a flood plain. Unless you own your property outright, you're legally obligated to have the insurance. EVERYBODY on the gulf coast that owns property knows this!
I don't live in a flood prone area but where I do live, mortgage companies damn sure require that I have insurance to cover tornados. No insurance equals no mortgage loan.
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