Re: What should happen to the New Orleans looters?
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Nothing.
The store owners are not taking a loss here; they are insured.
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Not sure about this but isn't there an issue regarding what damage was caused by the hurricane winds and rain and what damage was caused by flooding as to whether and what people are covered for? My understanding is that most homeowners insurance does not cover floods and separate flood insurance must be purchased to cover flooding. Not sure if this extends to busnisses but I'm guessing it does.
Imagine if you're not covered by flood insurance trying to convince an insurance company that the damage was due to the hurricane and not the resulting flooding.
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