Tuesday, August 11, 2009

 

Class Claims Insurers Cancel Just as Hurricane Season Begins

A class action claims Texas insurance companies collect premiums for storm coverage from November through May - when there's no risk of hurricanes - then cancel policies by the thousand just before hurricane season begins. Unitrin, an insurance holding company, allegedly canceled 40 percent of one of its subsidiaries' policies before this year's hurricane season began...

CHN: Class Claims Insurers Cancel Just as Hurricane Season Begins

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