You don’t suppose an insurance company, faced with catastrophic losses in the face of last year’s hurricanes would… er…. fudge the paperwork, do you? From The Blotter:
State Farm Insurance supervisors systematically demanded that Hurricane Katrina damage reports be buried or replaced or changed so that the company would not have to pay policyholders’ claims in Mississippi, two State Farm insiders tell ABC News.
[snip]
The sisters say they saw supervisors go to great lengths to pressure outside engineers to prepare reports concluding that damage was caused by water, not covered under State Farm policies, rather than by wind.
They say reports that concluded that damage was caused by wind, for which State Farm would have to pay, were hidden in a special file and new reports were ordered.
Why am I not surprised?
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