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FEMA, Insurers, Adjusters Charged in Md. Lawsuit by Isabel Flood Victims

East News • June 9, 2005
More than 140 victims of the 2003 tropical storm Isabel are suing Homeland Security Undersecretary Michael Brown, David Maurstad, who runs the National Flood Insurance Program, 17 insurance ...

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Subject: Insurer's Claim Underpayment and Profit Schemes

Posted On: June 19, 2005, 1:22 pm CDT
Posted By: Roger Poe
Comment:
Insurers-Agents-Brokers can sell homeowners replacement (Reconstruction) cost valued policies, while at the same time, insurance adjusters are incorrectly estimating (hurricane, flood, hail, fire, earthquake, windstorm, etc.) claims with NEW construction cost values...a common difference of 35-50% of the base dollar value of the loss.

http://www.femainfo.us/Links/041405sk.pdf

www.femainfo.us

Other claim settlement values being left out (undisclosed), that have been pre-paid for in a homeowners monthly premium payment, is primary-general-sub contractor overhead and profit values.

Whether a contractor is used of not, a claims loss value has common 20-49% overhead and profit value. Sub-total line values on an insurer's-adjuster's "estimate" should openly show, or be able to prove, those inherent claim loss values. Many times they do not, to the ignorance-detriment of the policyholder.

http://www.tdi.state.tx.us/commish/bulletins/b-0045-8.html

Please, report underpayment schemes to local and extended law enforcement and governmental agencies.

We also track suspected insurer fraud, so feel free to contact us at--therdp5@yahoo.com or rogerpoe@acnet.net

Roger Poe
Subject Posted By Posted On
RE: RE: Isabel victim No Longer HOmeless in Maryland
Mar 16, 2009, 6:55 am
RE: Isabel victim William Cannon
Feb 4, 2009, 2:22 pm
Tad Balzar - Insurers and Adjusters Can Be Sued By You Roger Poe
Aug 23, 2007, 11:52 am
RE: Insurer's Claim Underpayment and Profit Schemes Tad Balzer
Mar 8, 2007, 1:25 pm
Get mad at the Big Dogs Hurricane Sally Florida
Jul 14, 2006, 9:33 pm
Insurer's Claim Underpayment and Profit Schemes Roger Poe
Jun 19, 2005, 1:22 pm
RE: RE: Flood Policy Still Homeless In Maryland
Jun 17, 2005, 5:54 am
RE: Flood Policy another victim
Jun 16, 2005, 10:19 pm
Living Hell Jane Welsh
Jun 16, 2005, 10:08 pm
RE: RE: RE: Flood Policy One of Many Flood Victims
Jun 15, 2005, 10:59 pm
RE: RE: RE: Flood Policy to readytomoveon Still Homeless In Maryland
Jun 15, 2005, 8:22 am
Adjuster Proof of Loss Joanne Kraft
Jun 14, 2005, 10:13 am
RE: RE: Flood Policy readytomoveon
Jun 14, 2005, 8:29 am
RE: 2 billion? Disgusted
Jun 13, 2005, 7:17 pm
RE: Flood Policy Fred Gwynn
Jun 13, 2005, 3:53 pm
RE: RE: 2 billion? Jack Pot
Jun 13, 2005, 6:37 am
walk in our shoes battered isabel survivor
Jun 12, 2005, 11:05 am
RE: RE: 2 billion? Still Homelss in Maryland
Jun 12, 2005, 9:13 am
Flood Policy gao
Jun 11, 2005, 8:35 pm
Isabel victim Homeless
Jun 11, 2005, 2:27 pm
Let Your Conscience Be Your Guide Devastated and Homeless
Jun 11, 2005, 11:09 am
RE: 2 billion? "Jack Pot" comment--er.."Crack Pot" NFIP VICTIM
Jun 11, 2005, 8:59 am
RE: RE: 2 billion? Tom Moffett
Jun 11, 2005, 8:27 am
RE: 2 billion? Motta
Jun 11, 2005, 5:25 am
Damages Screwed and destroyed
Jun 10, 2005, 10:34 pm
RE: RE: RE: 2 billion? Mark
Jun 10, 2005, 10:09 pm
RE: RE: 2 billion? isabel_victim
Jun 10, 2005, 8:25 pm
RE: 2 billion? justme
Jun 10, 2005, 5:20 pm
RE: 2 billion? Fred Gwynn
Jun 10, 2005, 2:52 pm
RE: 2 billion? Scott Romoser
Jun 10, 2005, 12:58 pm
2 billion? Jack Pot
Jun 10, 2005, 11:47 am
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