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To: Alan Smithee who wrote (135341)8/30/2005 4:41:50 PM
From: Ish  Read Replies (1) | Respond to of 794533
 
<<You mean the ones who will likely be bankrupt in a few months?>>

Insurance companies buy insurance on their policies from reinsurers. By law they have to be able to cover the maximum on all their policies even if all the claims are filed at one time.

The flood in NO will stop a lot of the wind and fire claims. Hard to file for a blown off roof when the house floats away.