“Cynthia Jarrell filed a complaint on May 10 in the U.S. District Court for the Middle District of Louisiana against Wright National Flood Insurance Co. alleging that the licensed insurer failed to comply with the National Flood Insurance Act provisions.” Read the full story here. http://louisianarecord.com/stories/511117988-homeowner-claims-wright-national-flood-insurance-undervalued-damages
This endemic underpayment of claims has been happening since before Superstorm Sandy in 2012. We thought the underpayment of claims would have stopped when the Claims for Superstorm Sandy were re-openned . Yet the Sandy Homeowners are still getting underpaid and over 10,000 Sandy Homeowners are still waiting to get paid on their claims! Watch the 60 minutes report on Fraud and Underpayment of claims here . https://www.youtube.com/watch?v=11VjWZvA0Ig
The Same thing is happening in Louisiana right now.
We have this Fraud and Underpayment going back to 2005. Read Congressional testimony here. http://www.femainfo.us/legislative_actions_congressional_hearing_041405.shtml
Why are homeowners jailed for Insurance Fraud but not one Flood Insurance WYO Insurance Executive or NFIP employee been jailed for all the Fraud happening in the NFIP for over a Decade?
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