Property-casualty insurance groups offered gracious farewells following the news that Sen. Trent Lott would be leaving Congress before year's end. But most industry lobbyists no doubt were breathing a sigh of relief, given the animosity the Mississippi Republican displayed after complaining about how he and his constituents were left out to dry on Hurricane Katrina homeowners claims.
As reported by our Washington bureau chief, Dave Postal (click here for his full story), Sen. Lott promised to “bring down” the industry for its poor handling of Katrina claims where evidence of both covered wind and uninsured flood damage was present.
Sen. Lott's threat–which came during a July 13, 2006 phone call to Chuck Chamness, president and CEO of the National Association of Mutual Insurance Companies–was not an empty one.
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