Rep. Gene Taylor, D-Miss., came out swinging against insurance companies yesterday during a hearing on legislation he authored to expand the National Flood Insurance Program to offer windstorm coverage.
In testifying before the House Financial Services subcommittee, Rep. Taylor showed the panel before and after pictures of five homes along the Gulf Coast, all of which were destroyed by Hurricane Katrina. Although all of the homeowners had insurance coverage well over $100,000, only one of the five received any money for their windstorm claim, he said–and that was only $23,000.
Additionally, Rep. Taylor spoke of his own experience of being told by an adjuster that he had no windstorm claim, despite the fact that the tin roof on his Bay St. Louis, Miss., home–which he said "doesn't float"–was found several hundred yards from the structure after the storm.
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