Investigators say State Farm Insurance buried or altered Katrina damage reports to avoid paying claims. Two whistleblowers who worked for the company for 8 years have turned over thousands of documents to the FBI. If I had any State Farm Stock I would sell it now, cause they are gonna take a really hard fall unless Bush and company come in and save them.
I have heard from friends along the gulf coast that have battled with their insurance companies for over a year and still have nothing. If we had a real government, hey would come in and cut through all this crap and make the insurance companies pay off. Funny how they are always fast with a collection notice when a premium is late, but have a claim? Good luck sucker!
Something is very, very wrong with this system and it must be changed soon.
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Please try to at least research your posts before making them. First of all State Farm is a Mutual company which means it is owned by its policyholders, therefore you can not buy or sell stock in the company. Secondly homeowners policies exclude flood damage. Your proposal for the federal government to bail people out who fail to adequately realize the risks and exposures present with owning a home in a high risk flood prone area are utterly ridiculous.
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