Is the Gov’t agency meant to police the Nat’l Flood Program too chummy with the insurance companies who are victimizing our citizens? (Via Washington Examiner)

In the wake of Hurricane Sandy, a natural calamity that devastated Staten Island, the U.S. government shamefully admits it may have tolerated a man-made disaster: financial wrongdoing at the expense of homeowners. It is suspected that, under the flood insurance program run by the Federal Emergency Management Agency (FEMA), storm victims have been cheated out of millions of dollars in denied household claims. (Via SILive.com)

Two federal regulators are fining Wells Fargo $1 billion for forcing customers into car insurance and charging mortgage borrowers unfair fees. (Via CNN Money)

A New York engineering firm that was hired by insurance companies to evaluate damage caused by Superstorm Sandy faces charges that it illegally altered reports prepared by inspectors in the field. (Via Paradise Post)