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You're In Good Hands — Until They Drop You!

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By Ross Gelbspan
onOct 16, 2007 @ 08:33 PDT

In the last three years, more than three million homeowners have received letters of cancellation by insurance companies determined to avoid another $40 billion Katrinaย bill.

They have essentially begun to redraw the outline of the eastern United States somewhere west of the Appalachian Trail. Public officials in Southern states from Florida to Texas have been fighting insurance carriers for years over rising rates and withdrawal of services, but officials in the Northeast have only recently joined the fray.

By Ross Gelbspan
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