Aug 27
Katrina may have marked the end for this lack of regulation. As has
been widely reported, one victim of the storm was Senator Trent
Lott, the powerful Republican Senator from Mississippi whose
expensive Gulf Coast home disappeared completely into Katrina’s maw. Lott
was insured by State Farm and after the company refused to pay one cent
of his claim based on the water v. wind argument we
talked about in part one of this article, Lott sued. He and the company
agreed to an undisclosed settlement this spring but Lott is still angry.
He has….