Katrina victims lose in appeals court

[babsbunny]

http://news.yahoo.com/s/ap/20070802/ap_on_re_us/katrina_insurance

By BECKY BOHRER, Associated Press Writer
1 hour, 4 minutes ago


NEW ORLEANS - Hurricane Katrina victims whose homes and businesses were destroyed when floodwaters breached levees in the 2005 storm cannot recover money from their insurance companies for the damages, a federal appeals court ruled Thursday.

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The case could affect thousands of rebuilding residents and business owners in Louisiana. Robert Hartwig, chief economist at the industry-funded Insurance Information Institute in New York, said in June that a ruling against the industry could have cost insurers $1 billion.

[Taverner]

1. Insurance is a scam

Basically their job is to take your money, period.

[billyoc]

2. "...could have cost insurers $1 billion."

I'm ok with that. Really.

[Ethelk2044]

3. They need to appeal

[AtomicKitten]

4. damn activist judges! (nt)

[givemebackmycountry]

5. IN other words....

FUCK YOU 'NAWLINS! YOU GET NOTHING!

[zulchzulu]

6. This is their worst nightmare...

Some people need to be um... yunno...

I'm sure Bush will help out.
:sarcasm:

[Imagevision]

7. And CNN, the most trusted name in news will deem this a non-story while being

occupied by the collapsed bridge popcorn seller. Isn't it interesting how quickly the response to this tragedy, with 60+ missing and 5 dead while Katrina only had 700 dead.

[Rosa Luxemburg]

8. Surely then President Bush must pay it then

with all his money he could afford to compensate them

[hannah]

9. Carol King?

[hannah]

10. Sorry

Judge Carolyn King?

[sandnsea]

11. People in the wealthier, highground districts

They're covered 100% because they had wind damage. The poorer people, in the low lands, nothing. And yet I guarantee all those wealthy people will concoct some story about them being renters or not having insurance or having weak characters or some reason to explain why they didn't come back. This is so sad, sad beyond belief.