According to today's Times-Picayune, about half of the $3 billion shortfall in the Road Home program comes from lower than expected claims payouts from the insurance industry. State officials today will be meeting to try to get insurers to pay more. Here's how this conversation will go:
Insurance Commissioner Jim Donelon: "Hi insurance industry, sorry to bother you, did you hear about the million dollars our taxpayers have set aside to lure you back to our state? Well, hey, we were thinking that you could do us a major solid by living up to your contracts and paying the claims that you should have nearly two years ago, and then maybe...
Insurance Industry: "No."
2 comments:
I think they should take the proposed subsidy money and start. National tele ision campaign against Allstate to counter all the industry ads. That might get the bastards attention.
Thanks for the commentaary on Nagin as well. A much better read here at the beach than nola.com.
That's not a bad idea. I wonder how much it would cost.
I also wonder if it could be legally actionable.
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