Natural Disaster of Hurricane Katrina

Ethical Dilemma: Natural Disaster of Hurricane Katrina-Insurance Companies Deny ClaimsHurricane Katrina was a hurricane care no other in our country?s history. Its furystruck the gulf coast on August 29, 2005 and as with 9/11, we were fill up withimages from television and newspapers twenty-four hours a day, septette days a week. We were first hand witnesses to the human scurvy of throng escaping to their roof tops, clinging to tree branches and bodies floating in the inun period waters. There was abundant destruction not just to stead but as well as to the lives of those who inhabited the disjunction Coast region. As with 9/11, in that location has in addition been a great impact on the indemnity sedulousness. Theessentialness of damages is to allow the rebuilding of destroyed homes, businesses, and communities and to allow people to accept back to living their lives once again. In revise to coping with the effects of catastrophes the industry had to ?come up wi th mechanisms that would save the terra firma?s insurance industry in the consequence of subjective or man-madecatastrophes.? (Tuckey, 2006)There are many issues that the insurance industry faces since this graphic disaster occurred. The impact of Katrina has been substantial and widespread and has modify the customer in a negative fashion overdue to the frustration of filing claims and fighting with insurance companies.

Will the issue frontwards impact prove detrimental to the industry as a whole? These and many other issues need to be explored in order to gain complete insight into what exactly happened that contraband day and what will the future bring to the industry. A dat e of catastrophes can raise the specter that! insolvency may become a possibility. ?The regulatory goal of ensuring solvency, however, conflicts with the goal of ensuring affordable and available coverage.? (Berliet, 2006) With such large amounts of money being paid out... If you want to come a full essay, order it on our website: OrderEssay.net

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