Menendez, Kennedy Reintroduce Bipartisan Legislation to Stop Flood Insurance Contractors from Defrauding Disaster Victims

2023-06-29T05:30:39+00:00

(Via menendez.senate.gov) D.C. – U.S. Senators Bob Menendez (D-N.J.) and John Kennedy (R-La.), senior members of the Senate Committee on Banking, Housing and Urban Affairs today introduced the National Flood Insurance Program (NFIP) Consultant Accountability Act of 2023 to protect homeowners who are victims of natural disasters from working with third parties that are found guilty of property damage assessment fraud.

Florida insurance company execs saw big payouts in years without hurricanes

2023-06-29T05:30:14+00:00

(Via Tampa Bay Times) Excessive payouts to insurers’ affiliate companies have been repeatedly cited for insolvencies in the past. Doug Quinn, executive director of the watchdog American Policyholder Association, said his group has done its own research on executive compensation. Florida’s history of failures indicates the state’s current policies aren’t working, he said.

Delays, denials and lowball payments for disaster insurance claims

2023-06-29T05:29:50+00:00

(Via The National Desk) You pay your home insurance premiums for years, and when disaster strikes, you expect your insurance company to cover your loss, but a growing number of victims of natural disasters are running into delays and denials in getting their insurance claims paid.

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