[ex-Texan]

I caught a news report today on NewsPundit.net that said German reinsurers are assessing the mounting damages from both hurricanes. Most of the damage has been caused by flooding. At least 75% - 90% of all potential damage claims will be denied.

The victims of Katrine and Rita have years of expensive litigation ahead of them. Nobody in the MSM is even talking about hurricane victims being disappointed after they filed insurance claims. Thus far, their focus has been on FEMA's inadequate response, Bush's political fall out, and anti-war demonstrations.

The MSM ought to be focused on several new issues: (1) 350,000 displaced voters from Louisiana transplanted to other states, (2) At least 200,000 jobs lost forever, (3) Thousands of homes destroyed that will not be rebuilt because of insurance disputes, (4) Financial hardship of people whose insurance claims will be denied outright, and (5) The financial impact on the court system of massive insurance litigation claims that may go nowhere.

As usual, the MSM is asleep or just out to lunch.

[ExSES]

350,000 displaced voters from Louisiana transplanted to other states

Just wait..., yet another reason to scream that properly identifying voters and making sure that they only VOTE ONCE is discriminatory!!!

[justa-hairyape]

As usual, the MSM is asleep or just out to lunch

They should also be investigating which banks held a lot of the leases within the area. Could be some major exposure for some.