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(Studio: Bob Schieffer) Report introduced.
(Gulfport, Mississippi: Jim Acosta) The potential precedent from the first of many lawsuits against insurance companies refusing to pay damages to victims of Hurricane Katrina reviewed; details given of the argument over whether storm surge is a flood. [Mississippi homeowners Paul and Julie LEONARD- comment.] [Attorney Richard “Dickie” SCRUGGS- states the insurance companies’ position.] [Nationwide Mutual Insurance Co. Joe CASE- defends changes in policy language since Katrina.] [Insurance Information Institute Robert HARTWIG- notes the impact on insurance coverage if the cases are successful.] [Mississippi attorney general Jim HOOD- says the insurance industry is getting good at dumping it on the taxpayer.]
- Schieffer, Bob;
- Acosta, Jim
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