flood insurance

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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