Two government agencies investigating the handling of flooddamage claims in the aftermath of the 2005 storm season offeredstern criticism of both the insurance industry and the FederalEmergency Management Agency at a hearing on Capitol Hillyesterday.
The negative comments came at a joint hearing of the Oversightand Investigations Subcommittees of the House Financial Servicesand Homeland Security Committees.
A main concern was that insurers operating under theWrite-Your-Own aspect of the National Flood Insurance Program couldhave pressured adjusters to determine claims were the result offlooding, ignoring wind damage for which insurers could be heldresponsible.
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