Industry getting a "black eye" from Katrina claims

Recently in the industry press, Senator Trent Lott is set on setting the insurance industry on the right path as he is fighting to get his Katrina homeowner claim paid. Apparently his sour experience is motivating him to take on fixing the insurance industry in congress. Many of his peers are pushing for Federal regulation of the insurance industry in lieu of State regulation. If Federal regualtion is passed then the Nation will surely see a change in the industry. No whether or not the change is better or worse will remain to be seen. In the meantime if I was the in charge of the insurance company who is handling the claim for Sen. lott, I certainly would settle it quick! K

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