March 28, 2007
This is why people hate insurance companies.
Posted at March 28, 2007 1:32 PM in
Hurricane Katrina
.
This sounds more like a tactic the tobacco industry would use to avoid litigation:
If State Farm and Travelers insurance companies have their way, taking out Small Business Administration disaster assistance loans would prevent policyholders from pursuing insurance claims in court, leaving home and business owners stuck with debt instead of insurance proceeds.In motions to dismiss a class action lawsuit about what insurance companies pay for contractor overhead and profit, the state's largest residential insurer and largest commercial property insurer each argue that policyholders lose their legal right to file suit against their insurers if they take out SBA loans.
OK, so if you borrow money from the SBA to fix your house, you can't pursue claims against your insurance company?
I have to believe it's possible to make a profit in the insurance company without being immoral pieces of shit.
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