Ahhh, so NOW it makes sense!!! (Katrina Insurance Follow-up)

[Montauk6]

Louisiana Insurance Commissioners Insurance Company Campaign Contributions Put Katrina Survivors at Risk

Commissioner Wooley's $577,000 From Insurance Industry Explains Industry-Friendly Response to Insurers’ Refusal to Pay Claims


Louisiana Insurance Commissioner J. Robert Wooley received $577,000 in campaign contributions from the insurance industry between 2003 and 2004, according to a review by the nonprofit, nonpartisan Foundation for Taxpayer and Consumer Rights (FTCR). Wooley, who is responsible for protecting Louisiana insurance policyholders from unfair insurance practices, has been an advocate for insurer positions in the wake of Hurricane Katrina, the group said.

Since Katrina ravaged southern Louisiana and the Gulf Coast, Wooley has defended the insurance industry's proposition that companies have limited liability for the damage wrought by the hurricane, based on flood exclusions in insurance policies sold to homeowners. Consumer advocates point out that Hurricane Katrina was the obvious and initiating cause of the damage and homeowners and businesses with hurricane or windstorm coverage should not be denied claims. Wooley, however, defended the denials and told National Public Radio that if insurers are forced to cover their policyholders for all the damage caused by Katrina: "You're going to bankrupt the insurance companies."

Follow the money here...
http://www.consumerwatchdog.org/insurance/pr/?postId=5156

[HysteryDiagnosis]

1. "You're going to bankrupt the insurance companies."

The "insurance" companies have bankrupted millions of Americans... everything from charging kids over 2000 dollars a year because of marks.... to doubling their rates in Fl after Andrew... to anything else they can pull off in their favor. Bankrupting Americans OK, bankrupting insurance companies, bad.

[obxhead]

6. One nation, under the corporation, for the corporation, by

the corporation.

[Sgent]

2. Every single

insurance comissioner in LA for the last 3-4 of them are currently (or were) in prison for corruption.

I love the state, I love the city, but no one every accused it of being a bastion of honest polititions.

[peacetalksforall]

3. Bankrupt the insurance companies? Isn't Cheney trying to bankrupt the

entire nation?

There is a long precedence and some state by state laws.

There is accident, fire, wind, flood insurance and they are decided legally. They can't change the rules in the middle of the storm just because they won't have all their profits for their investments.

They can't just stop in the middle of the road and tell those people too bad - you should have used duct tape.

We're about to see how honest and American this country is.

And it will all come back to the fact that we blew the money in Iraq for the benefit of a few people in this country. And the rest was stolen from us by the same few.

[Double T]

4. Insurance companies are crooks and you have to fight them......

for every dollar you are owed in an accident, fire or disaster. Business ethics are NOW a thing of the past.

[Tace]

5. Ha Ha -- Take A Look A Lloyds Of London

They were forced to back their claims... and it threatened to bankrupt half the gentry of England.