Based on THIS article: What is the ethical solution?
1. Hurricane Sandy has quickly become the most expensive natural disaster in U.S. history. With damage costs estimated to be over $20 billion, many citizens are worried about their own financial situation. The big question is whether or not people are covered by their insurance providers.
2. Unfortunately according to USA Today, most of the damage from Sandy is from flooding, which many insurance policies do not cover. This upsets me especially because this is the same problem the people of Louisiana felt during Hurricane Katrina. These people have already suffered a great deal and they literally had no control over the events that lead to their situation. In my opinion, it is unethical for insurance companies to deny people their clams in the event of a natural disaster such as Hurricane Sandy. I was under the impression that the purpose of insurance was to help people at risk.
3. I understand that in this economy nothing can be perfect. I would still like to see more insurance companies go out of their way to help customers, instead of just trying to save a couple hundred bucks. As the customer, we are paying for a service that we should be satisfied with. Damages from natural disasters should be covered by all insurance plans. Only then will insurance companies truly be ethical and everyone will be satisfied.