[hardflex]

Did anyone read the NYTimes article? Red and Mule, I'd like to hear your comments on this

"Several lawsuits here and in Mississippi accuse insurance companies of trying to overstate flood damage so that taxpayers would pick up more of the tab through the federal flood insurance program, which has paid out $13 billion in Louisiana. These contentions have prompted several federal investigations. In other cases, customers are arguing that the companies used deceptive business practices, putting pressure on engineers and insurance adjusters and deliberately underestimating the costs of repairs.

Industry spokesmen say that most homeowners are satisfied and that 99 percent of homeowners’ claims have been settled. Any problems stemmed from the huge size of the disaster, they contend, or from homeowners’ failure to buy adequate insurance or to read their policies carefully. Rising rates, they say, reflect a more realistic sense of the risk homeowners assume by living in dangerous coastal areas."

Most homeowners are satisfied? What a load that is.