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Claims News Service, Sept. 23, 4:05 p.m. EDT – In the wake of Hurricane Katrina, the National Flood Insurance Program is modifying the way it settles claims to expedite the response to those policyholders in storm-stricken areas.

The NFIP is utilizing all available data on water depths, aerial imagery, and information from underwriting files, to determine properties where it is readily apparent that flood damage covered by the policy will exceed the amount of insurance purchased. It will be possible to pay the policy limits through dialogue with the insured and without waiting for a site visit to adjust the loss. This process may be used when homes have been washed off their foundations, affected for long periods by standing water, or when only pilings or a slab remain.

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