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| Friday, November 21, 2008 |
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many of the survivors found themselves victimized a second time by an insurance industry offering pennies on the dollar, refusing to honor many agreements, and claiming that the destruction had nothing to do with wind damage, which is covered under most policies, but was caused by floodwater, which is not. Mississippi Attorney General Jim Hood declared that some insurance companies even engaged in fraud, alleging that adjusters for some firms tried to trick Katrina victims out of millions of dollars in homeowner claims. Pattern of Greed 2007: How Insurance Companies Put Profits Over Policyholders (pages: 16) |
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