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Legislators from Texas coastal counties are taking another stab at reforming their state’s insurance programs to create security for hurricane-zone homeowners.
Hundreds of Hurricane Sandy flood insurance lawsuits may be moving toward settlement, as FEMA officials work at compromise following abuse revelations.
As lawyers maneuver, a FEMA official has conceded widespread fraud against flooded-out homeowners in the National Flood Insurance Program — and thousands more cases may be coming to light.
An engineering firm is raided by prosecutors, an insurance company offers a full payout, and FEMA looks to settle more than a thousand cases as lawyers for homeowners start to play hardball in the Sandy flood insurance fight. And this might be just the beginning.
Sarasota, Florida has 90 days to challenge FEMA’s new flood-plain maps.
Florida homeowners pay dearly to insure their properties. And some state officials say it’s time for that to change.
Federal District Court Judge Joseph Bianco has reaffirmed a magistrate’s financial penalty on lawyers for a flood insurance carrier for concealing details of the back-office revision of field investigative reports into Hurricane Sandy coastal flooding damage claims.
The heat is still building on insurance companies and engineering firms accused of possible fraud in the re-writing of flood claim investigator reports.
Insurance companies are facing political pressure and class-action lawsuits after a Federal case uncovered questionable flood insurance claims adjusting practices.
One of the ways FEMA tries to limit flood risk is by purchasing properties that flood too often and tearing them down, leaving the land undeveloped. New Jersey’s buyout program, backed by Federal money, is making progress — but not on the state’s heavily built-up coastal barrier islands. Instead...
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