A Congressional panel examining Hurricane Katrina claims handling heard a colleague accuse insurers of "massive fraud." The accusation came from Rep. Gene Taylor, D-Miss., who has been among the insurance industry's most vocal critics since Hurricane Katrina.
Rep. Taylor, who recently settled a suit against State Farm over his own Katrina claim, made his attack on insurers before the House Financial Services Subcommittee on Oversight and Investigations, after testifying that he joined the panel to question other witnesses.
Among those appearing before the committee were Insurance Information Institute President Robert P. Hartwig, Mississippi Attorney General Jim Hood and National Flood Insurance Program Director David Maurstad. All underwent harsh questioning.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 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.
