Flood Insurance News

FEMA Exec Tells ’60 Minutes’ He’s Seen Evidence of Fraudulent Reports

The head of Federal Emergency Management Agency’s (FEMA) flood insurance program acknowledged he has seen evidence of fraudulent engineering reports that may have been used to deny flood claims by Superstorm Sandy victims, according to CBS’s “60 Minutes” program that …

Twice-Wounded Sandy Victims Seek Payout as FEMA Presses Insurers

Some homeowners hit by Hurricane Sandy say they’ve been victimized twice: first by the storm and later by insurers. John Clancy says his insurer, an Allstate Corp. unit, paid just $46,000 of the more than $200,000 in repairs needed on …

New Jersey’s U.S. Senators Seek Probe of Any Sandy Insurer Fraud

New Jersey’s U.S. senators want the state attorney general’s office to investigate possible fraud by insurance companies following Superstorm Sandy. Sens. Robert Menendez and Cory Booker asked Acting Attorney General John Jay Hoffman to investigate any fraud by insurers looking …

Long Island Engineering Firm Raided in Sandy Investigation

The New York attorney general’s office executed a search warrant Wednesday at a Long Island engineering firm that has been accused in civil lawsuits of submitting bogus inspection reports on homes damaged by Superstorm Sandy. Investigators worked throughout the day …

Hope for Avoiding ‘Flood Insurance Nightmare’ Lies in Red River Levee Work

The threat of a flood insurance nightmare in Louisiana’s Rapides Parish and elsewhere was delayed, but not eliminated, by Congress last year. But the threat is slowly diminishing as work proceeds to fix deficiencies in the Red River levees to …

FEMA in Talks to Settle Sandy Flood Insurance Claims

The Federal Emergency Management Agency is working to settle lawsuits by hundreds of Hurricane Sandy victims who challenged denials or alleged underpayments of flood insurance claims. Brad Kieserman, deputy associate administrator for insurance at FEMA, disclosed the settlement talks during …

Sandy Flood Insurance Issues Said to Be Focus of Criminal Probe

New York’s attorney general has opened a criminal probe into accusations by Hurricane Sandy victims that insurance companies rejected claims for flood damage to their properties based on falsified engineering reports, a person familiar with the matter said. New York …

FEMA Agrees to Fargo, North Dakota, Flood Insurance Basement Exemption

Fargo, N.D’s acting mayor says the Federal Emergency Management Agency has moved to continue to allow homeowners to have basements in the city’s new floodplain. FEMA is responsible for the National Home Insurance Program and does not always allow basements …

Flood-Control Canal-Widening Completed in Southern Louisiana

A project to help reduce flooding in much of northern Terrebonne Parish in Louisiana is finished. Officials expected to pay more than $1 million to clean and widen a major drainage canal in Gray. The job came in about $98,000 …

Insurers Dogged by Claims of Slanted Sandy Reports

When Superstorm Sandy hit the East Coast, flood insurance companies working for the Federal Emergency Management Agency dispatched an army of structural engineers to do some detective work. Their assignment: Find out how much damage to policyholders’ homes was caused …