A Flood of Incomplete Insurance Coverage

Many hurricane victims were uninsured or under-insured. As tragic as that is, the media are adding to the confusion by talking to "experts" who push for soaking the insurance companies and creating benefits that weren't paid in advance. Meanwhile, they're often missing the fact that the government-subsidized flood insurance program – the only source of flood insurance – is likely to have to borrow to cover Katrina's costs.

Source: Free Market Project

HH: Those damn greedy, capitalistic insurance companies only think of making a profit and thereby won't pay for benefits that did not exist.