flood insurance

Superstorm Sandy
12:15 am
Tue March 17, 2015

FEMA's Appeals Process Favored Insurance Companies Almost Every Time

Doug Quinn's ranch house in Toms River, N.J., was heavily damaged by flooding during Hurricane Sandy. His insurance company gave him half the value of his home and when he appealed, FEMA sided with the insurance company.
Credit Hansi Lo Wang/NPR

The Federal Emergency Management Agency has taken the unprecedented step of reopening all Superstorm Sandy flood claims because thousands of homeowners said insurance companies intentionally lowballed damage estimates.

Similar allegations surfaced in 2004 after Hurricane Isabel struck the mid-Atlantic. To answer critics then, FEMA formalized an appeals process.

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Superstorm Sandy
8:23 am
Thu March 12, 2015

Feds Prepared To Reopen All Superstorm Sandy Insurance Claims

A worker shovels muck out of a home in Longport, N.J., after Superstorm Sandy in 2012. Federal regulators say homeowners will be able to challenge insurance payouts they believe shortchanged them.
Credit Patrick Semansky/AP

 

The Federal Emergency Management Agency says it is prepared to reopen all 144,000 insurance claims that resulted from Superstorm Sandy in 2012.

The move comes after months of questions over whether insurance companies contracted by the National Flood Insurance Program fraudulently altered engineering reports.

After thousands of homeowners said their insurance claims were systematically lowballed, FEMA began negotiations in an attempt to regain the trust of policy holders.

No agreement has yet been signed.

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Superstorm Sandy recovery
6:41 pm
Fri December 5, 2014

FEMA Vows To Reform Flood Program

United States flags are displayed on flood-damaged homes in the Breezy Point section of Queens, N.Y., Wednesday, Nov. 28, 2012.
Credit Credit AP Photo/Mark Lennihan

The Federal Emergency Management Agency adopted a number of reforms Friday aimed at helping homeowners who say they are being shortchanged by insurance companies.

Homeowners and elected officials have complained that the taxpayer-funded National Flood Insurance Program gives an incentive to private insurance companies to lowball flood claims by penalizing for overpayments, not underpayments.

FEMA has vowed to create a task force to fix this.

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Thousands face higher flood insurance bills
11:15 am
Wed November 20, 2013

Conn. shoreline property owners facing new financial reality

Rosemarie Sibilio's house after storm Sandy hit
Rosemarie Sibilio

Since January, shoreline property owners in Connecticut have been facing a new financial reality. In addition to the repair bills many are still paying after the storms of 2011 and 2012, including Irene and Sandy, thousands are now facing considerably higher flood insurance bills. The Connecticut Mirror’s Jan Ellen Spiegel reports this  increased cost of living on the coast has some worried it will become even more exclusive than it already is.

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