National Flood Insurance Program News

Hartford Unit Faces Racketeering Suit on Sandy Claims

A couple claiming damage from Hurricane Sandy filed court papers accusing a Hartford Financial Services Group Inc. unit, an engineering firm and a law firm for the insurer of engaging in racketeering by scheming to use fraudulent reports to deny …

Update: Hartford Unit Accused of Using Fudged Hurricane Sandy Report

A Hartford Financial Services Group Inc. unit was accused by a lawyer representing Hurricane Sandy victims of using a falsified damage report to dodge paying homeowner claims, the second insurer blamed in the last month for such a practice. The …

Hartford Unit Accused of Using Fudged Hurricane Sandy Report

A Hartford Financial Services Group Inc. unit was accused by a lawyer representing policyholders affected by Hurricane Sandy of denying a claim from the storm based on an altered engineering report. The lawyer submitted evidence of the altered report yesterday …

Superstorm Sandy Victims Allege Racketeering in Flood Claims Review

Wright National Flood Insurance Co. and U.S. Forensic LLC, an engineering firm, were sued by New York homeowners who claim the companies conspired to manipulate reports and avoid paying for damages from Hurricane Sandy in 2012. Wright, which provides coverage …

New Jersey Sen. Menendez Presses for Sandy Flood Insurance Probe

The Federal Emergency Management Agency should investigate allegations that insurance companies handling Superstorm Sandy flood damage claims are manipulating them to shortchange victims, U.S. Sen. Robert Menendez said on Nov. 14. At a press conference in his Newark office, Menendez …

N.J. Commissioner: 99.4% of Non-Flood Sandy Claims Settled

New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said that among the 470,281 non-flood, Superstorm Sandy-related homeowners, automobile and commercial claims that were filed in New Jersey, 99.4 percent have now been settled, representing $4.3 billion in payments …

N.J. Sen. Menendez Urges FEMA to Reform NFIP’s Claims Process

Following up on issues that were raised at the July 30 hearing on post-Sandy flood insurance claims, U.S. Sen. Robert Menendez (D-N.J.) sent a letter on Wednesday, Sept. 10, to Federal Emergency Management Agency’s (FEMA) Administrator Craig Fugate, urging him …

Florida’s Flood Agency Stops Writing New Business in Tampa Bay Region

One of the first entities to step forward and provide private flood insurance in Florida has announced it will stop writing new business in the Tampa Bay region in order to manage its exposure. The Flood Agency, which offers private …

FEMA Administrator Questioned Over Sandy Flood Claims

The head of the Federal Emergency Management Agency has asked an independent watchdog to examine whether the flood-insurance program is shortchanging Superstorm Sandy victims. Administrator Craig Fugate testified before a subcommittee chaired by Sen. Robert Menendez (D-N.J.) on Wednesday. The …

Senate Committee Holds Hearing on Flood Claims Process After Sandy

A U.S. Senate committee today conducted a hearing titled “The Flood Insurance Claims Process in Communities After Sandy: Lessons Learned and Potential Improvements,” where lawmakers had a chance to listen to the insurance industry’s lessons learned from Superstorm Sandy and …