“Insurance Claim Payment Processes in the Gulf Coast After the 2005 Hurricanes”
Statement of Homeland Security Committee Chairman Bennie G. Thompson
FOR IMMEDIATE RELEASE:
Wednesday, February 28, 2007
February 28, 2007 - Today, Committee on Homeland Security Chairman Bennie G. Thompson (D-MS) issued the following statement before the Committee on Financial Services’ Subcommittee on Oversight and Investigations hearing entitled “Insurance Claim Payment Processes in the Gulf Coast After the 2005 Hurricanes”:
“Katrina was an unprecedented disaster. The pictures that the country saw in the days after the storm will never be forgotten. The pain of the storm was compounded by the cold indifference of their insurance companies. The stories that have come out – and the testimony we are going to hear today – should give every American pause when they write their monthly checks to their insurance company.
State Farm and other insurance companies have tried to make us believe that they are besieged by Katrina victims who want to be paid for damage that was not covered by their policies. But just the opposite is true: State Farm is using any and all means to refuse to pay for wind damage under wind insurance policies. Today’s hearing is just the beginning of Congress’s review of this conduct.”
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FOR MORE INFORMATION:
Please contact Dena Graziano or Todd Levett at (202) 225-9978
