WASHINGTON–The Government Accountability Office in a report released today recommended that Congress give the Federal Emergency Management Agency greater authority to scrutinize private insurers' handling of federal flood claims.
According to the GAO, FEMA should have the ability to access detailed reports of how Write-Your-Own insurance companies went about assessing how much loss storm-damaged homes sustained from wind and flooding.
Congressional critics have charged that insurers after Hurricane Katrina inappropriately attributed most of the destruction that homes sustained to flooding covered by the National Flood Insurance Program, saddling the NFIP with damage claims that should have been covered by private insurers' windstorm policies.
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