I found this NY Times story on another blog, it’s a recap of some of the stuff we’ve been talking about here for the last eight months. Nothing earth-shattering, but a good story, thought you might be interested. (I’m not sure what’s up with the boldface type, or what the point of it is, but it’s not my doing). I’m well-versed in just about everything the story talks about, but I admit this paragraph was news to me:
The usually eye-glazing topic of homeowners insurance is so incendiary now that State Senator Walter J. Boasso, a Republican turned Democratic candidate for governor, has proposed jailing insurance executives found to have acted in bad faith.
Holy Toledo, only prison sentences? Why not death by stoning? You see how this stuff gets carried away? You can read the Robert Hartwig quotes in the story — all due respect to Hartwig, who is an excellent, knowledgeable spokesman, but read the quotes objectively, they won’t convince anyone who isn’t already in the choir. Hartwig isn’t sufficient. I’m not privy to insurers’ brand research — maybe it shows that Katrina really didn’t hurt them, or it hurt everyone across the board. But I’ve said it before and I’ll say it again, insurers — by and large, there are some exceptions — have acted ineffectively throughout the Katrina aftermath in the public arena, and got played by people like Dickie Scruggs and Jim Hood who used that arena more adeptly. Even Trent Lott connected with a few punches, until his legal and media offensive collapsed under the weight of his own absurdity, and the tank fueling his outrage went dry after his own lawsuit was settled.