Thursday, May 11, 2006

The Status Quo

Man it's gotta suck to be this family... oh no wait. That's the norm for everybody in New Orleans and the Mississippi Gulf Coast.

The insurance companies are all working a litigation strategy and screwing people down here left and right all the while enjoying their greatest profits ever.

And trust me, it's a little hard to buy a home when mortgage companies demand that you have insurance, but the insurers are refusing to write new policies period.

Because of this, New Orleans may remain a city with huge swaths of wasteland forever. The National Trust for Historic Preservation gets that this is a problem - they've declared this entire city the most endangered historical site in America.

If you don't think this has anything to do with you... think again people. If you live anywhere along the unaffected Gulf Coast or the southeast coast, get ready because the insurance companies are going to screw you next.



Anonymous Anonymous said...

well.. that is going to make me buying that new house a little sticky... humm insurance reform?? pitch forks any one??


11:26 AM, May 12, 2006  
Blogger ~ FluxRostrum said...

All part of the game. The profiteering started when our government wouldn't residents return home while letting outside contractors in.

12:39 PM, May 13, 2006  
Blogger oyster said...

I don't want to risk sounding like I'm defending the insurance industry, but, I'm assuming this sign is referring to their Homeowner's insurance. The "storm damage" Allstate covers is basically limited to wind/rain damage.

Flood damage and flood insurance coverage is another story.

11:05 AM, May 17, 2006  

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