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Sunday, August 8, 2010

How State Farm Insurance Systematically Denied Katrina Claims

How State Farm Insurance Systematically Denied Katrina Claims: "Hmm. I know capitalism is vicious competition. But I thought the idea was to actually compete. You know, beat out your competition by being... better. I don't think the concept was based on 'see how much you can screw helpless people and still get paid'. And as for helping the shareholders? Keeping up profit margins? Any business is going to suffer when they try to wiggle out of contractual responsibilities, especially those that have been paid in advance for years or even decades. State Farm was paid to help people in case of disaster. That's their job, it's what they are paid for. It's called stealing if they don't do the job they are paid for, not capitalism. It's called evil when they ruin other people's lives to better their own. And 'capitalism' is going to stomp all over State Farm for it."

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