Reply #2: When I see "insurance" ... I immediately think of Katrina victims

[Bozita]

IIRC, even Trent Lott is suing his home insurance company (State Farm).

The NYT article on creative underwriting simply numbs my mind.

from the article:

The idea of insuring ordinary people in what may be the most violent place on earth came from Abbas Shaheed al-Taiee, an executive at the Iraq Insurance Company.

"It is a kind of gift to the Iraqi people," said Mr. Shaheed, 53, a big, heavyset man with terribly serious eyes and a reputation as a master salesman. "We have expanded the principles of life insurance to cover everything that happens in Iraq."

Amazingly, the company has yet to pay out on a single claim.