Victims of Hurricane Sandy (and their lawyers) would be smart to learn how insurance companies took advantage and mistreated many of the victims of Hurricane Katrina
“If history repeats itself, and the unexpected always happens, how incapable must Man be of learning from experience. “ — George Bernard Shaw
Hurricane Sandy is estimated in early calculations to have caused damage of at least $20 billion. Preliminary estimates of losses that include business interruption surpass $50 billion. Tragically, at least 193 people were killed along the path of the storm and the lives of their families have forever been changed.
Victims of Hurricane Sandy (and their lawyers) would be smart to learn how insurance companies took advantage and mistreated many of the victims of Hurricane Katrina which hit the Gulf Coast back in 2005. Knowing what tactics big insurance will use to delay or deny should allow you to protect your rights and force insurance companies to honor their contracts.
If you recall, Hurricane Katrina swept across the Gulf Coast leaving historic levels of death and destruction in its wake. The storm caused an incredible $135 billion in damages, leaving thousands homeless, jobless and bereft of hope.
After this tragedy and while facing their darkest hours, many survivors found themselves victimized a second time. What happened is that insurance companies started offering pennies on the dollar, refused to honor many agreements, and claimed that the destruction had nothing to do with wind damage, which is covered under most policies, but was caused by floodwater, which is not.
Shockingly, during the two year period of time after the Hurricane Katrina disaster, insurance companies reaped more than $100 billion in profits.
While the facts of Hurricane Sandy are unique, many of the same issues that existed during Hurricane Katrina have come full circle and are back again. Every person and family who suffered a loss because of Hurricane Sandy should get and read these two ebooks provided by the American Association of Justice.
Simply click on both the above images to download and read right now. You can also get Pattern of Greed 2006 and Pattern of Greed 2007 here.
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Thomas Jefferson once said, “Information is the currency of democracy”. Become more informed and also make sure to download, “Tricks of the Trade: How Insurance Companies Deny, Delay, Confuse and Refuse”
Every week we get several calls from consumers who have questions about getting their automobile property damage repaired after an accident. Most are not aware of their legal rights.
