A day before the two-year anniversary of Hurricane Katrina's arrival in New Orleans, a trial lawyers group issued a report charging that insurance companies after that mammoth storm systematically denied paying policyholders "fair and just claims."

The 15-page study from the American Association for Justice (AAJ) in Washington was entitled "Pattern of Greed 2007: How Insurance Companies Put Profits over Policyholders."

Robert P. Hartwig, president of the Insurance Information Institute, said of the report, "It's a great piece of fiction. The insurance industry performed admirably in the wake of Hurricane Katrina, paying $41 billion in insured losses on 1.7 million claims" and "the notion that insurers are greedy is absurd."

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