Chalk it up to the visit of one of my “grand dogs” but cats of no kind were on my mind as I was reading the comment SLABBED reader CLS posted on the Allstate Finance Board:
One could say I was barking up the wrong tree with the few words I changed:
Dell State Farm, Nationwide, Allstate, USAA, and employees KNEW that they were NOT ALLOWED to sell cameras bill wind damge to the National Flood Insurance Program UNDER the [WYO] CONTRACT that COVERED Dell’s the Company’s sales and claims handling of the GOVERNMENT SALES Flood Insurance Program…
Simply stated, there’s more than one way to skin a cat. For example, you can cat a hedge or hedge a cat.
There is also more than one way an insurer can commit fraud:
Justice Pierce: I’m giving you – the example is 95 percent of the home is destroyed, the flood comes in and gets the other five percent and you know that. Does your interpretation of the word “sequence” mean you pay zero?
Mr. Landau: YES, your Honor.
Just change a few words and the story is the same.
When your interpretation of the word “sequence” means you pay zero on claims of wind damage and your policy excludes flood, then the hurricane reinsurance you purchase doesn’t transfer any risk – and that is NOT ALLOWED. Not in any “sequence”.