The insurance industry’s reaction to Hurricane Katrina was insufficient and, in some cases, only made the situation worse for policyholders, charges a report by Americans for Insurance Reform. Insurer trade groups denied there was any failure, with the American Insurance Association dismissing the study as “untrue, irresponsible and reckless.”

Joanne Doroshow, one of AIR’s co-founders and the executive director of the Center for Justice and Democracy, said the report “shows that many policyholders who were exhausted, traumatized, and without food, water or a roof over their heads looked to their insurance carriers to come to their aid as they struggled to survive. But what many found was not help at all but rather resistance by insurance companies to pay them anything, leaving the victims frustrated and angry, not to mention destitute.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.