Thursday, September 08, 2005

Insurance: What's not covered...

An excerpt from Steve Lopez, LA Times columnist now in New Orleans:

President Bush promised to "lead an investigation into what went right and what went wrong." I think I can help shed some light.

If you pour money and manpower into Iraq, hire an amateur to run the Federal Emergency Management Agency and ignore repeated warnings of potentially disastrous flood problems, you're in trouble when a Big One hits.

It's all pretty obvious, so maybe Bush would also have time to take a good, hard look at the insurance industry. On my drive into New Orleans, I heard an insurance rep say he was sorry to have to deliver bad news to so many Katrina victims who thought they were covered, but found out otherwise.

Asked for an example of what's not covered, he said:"Wind-driven rain."

I say we round up all the looters and insurance executives and tie them to utility poles before the next hurricane hits...
Wrap...

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