(Bloomberg) -- The Federal Emergency Management Agency isworking on settling litigation with hundreds of Hurricane Sandyvictims who challenged denials or alleged underpayments of floodinsurance claims.
Brad Kieserman, deputy associate administrator for insurance atFEMA, disclosed the settlement talks during a break at a hearing inBrooklyn, N.Y., federal court Wednesday over whether an insurer,Wright National Flood Insurance Co., concealed from a homeowner theexistence of conflicting reports over damages.
Private insurance companies that work in partnership with FEMA’sNational Flood Insurance Program have come under scrutiny overallegations that they denied or rejected damage claims based onfalsified reports.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
