Perhaps they can file suit against the City, the State and the Federal government for inadequate protection and for failing to inform them of the likelihood of a breach when they knew it existed.
....but hey, do what you want....you will anyway.
Sunday, August 05, 2007
Katrina Losers
People whose homes and small businesses were damaged by flood waters that breached the levees had sued to try to get their insurance companies to pay damages, saying that it wasn't the act of God that caused the flooding, but the lack of adequate levees. A federal appeals court has ruled in favor of the insurance companies, which would have had to pay out $1 billion. Cry me a river. That billion would have been spread amongst a number of insurers that enjoy nice profits. Now it's spread amongst a number of home and small business owners, many of whom will likely take a hard financial hit, and some of whom will likely not be able to recover.
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