Katrina was two events: Insurers wriggle

aol/AP: Insurers are potentially facing billions of dollars in losses from Hurricane Katrina claims, and battle lines have begun forming as carriers argue they aren't responsible for flooding excluded from standard homeowners policies.

The majority of homes in areas slammed by the hurricane have policies that cover wind and rain damage, but relatively few had extra insurance to cover flooding. Insurers are posturing to limit the amount of damages by saying massive flooding in storm-ravaged New Orleans is a separate event from the hurricane itself. Read more

db: Google list 630 Hits for "insurers wriggle" - thought it would be a lot more