On the recordNovember 18, 2005
as I speak, one of the greatest legal scams in American history is being perpetrated on the people of Louisiana, Mississippi, and Alabama, honest Americans who purchased insurance policies to protect their families in time of a hurricane. They paid their premiums for decades. They are being told one by one ``we are not going to pay your claim.'' See, in a typical insurance policy known as a ``wind policy,'' you would think it would protect you from the 140- to 160-knot breezes of Hurricane Katrina; but somehow buried in that policy is small language that says they are not going to pay for wind-driven water. Now, for most of us, you would think of wind-driven water as maybe the water driven under the stoop of your door in a rain storm, or if you have an older house like I had, under the windows, maybe get some curtains wet or the sheet rock under that window. So if the wind blew a tree into your house, you could file a claim. If the wind blew a car into your house, you could file a claim. But if the wind generates a 30-foot wall of water, well, then the American insurance industry en mass is telling those people in Mississippi, Louisiana, Texas, and the Alabama gulf coast, You're out of luck. We took your money. You're a chump. Our Nation has a flood insurance policy separate from that where the credibility of this Nation is at stake. I have already told you what I have thought the private sector is doing to my people. But this is us.…
Source
govinfo.gov




