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HotSeat.JPGThe industry took some devastating blows during a Congressional hearing yesterday on insurer handling of Hurricane Katrina claims. I was actually on Capitol Hill to witness the public flogging first hand, watching lawmakers–some overtly hostile, others merely ignorant–take turns beating insurers like a piata. Below are some of my personal observations and analysis, following up on our breaking news story.

It was a long afternoon for the industry, which was certainly playing against a stacked deck during the hearing convened before the House Financial Services Subcommittee on Oversight and Investigations–the first of many, no doubt.

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