Tuesday, March 27, 2007

Okay that's it then

They're just plain evil.. that's all it is. Eee vil.

Insurance companies want disaster loans to void court claims
By Rebecca Mowbray
Business writer

If State Farm and Travelers insurance companies have their way, taking out U.S. Small Business Administration disaster assistance loans would prevent policyholders from pursuing insurance claims in court, leaving home and business owners stuck with loans instead of insurance proceeds.

In motions to dismiss a class action lawsuit about what insurance companies pay for contractor overhead and profit, the state’s largest residential insurer and largest commercial property insurer each argue that policyholders lose their legal right to file suit against their insurer if they take out SBA loans.

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