In reports on Mississippi Attorney General Jim Hood's lawsuit against five U.S. insurance companies alleging deceptive trade practices for their denial of water damage claims caused by Hurricane Katrina, The Wall Street Journal made only perfunctory reference and the Associated Press none at all to a key element of the case. Hood claims that these companies are offering policyholders immediate funds to cover living expenses only in exchange for signing waivers stating that damage to their property was caused by flooding, which the insurers are claiming is not covered by their policies.
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