Tag: superstorm sandy

Amtrak insurance appeal leads to partial victory

Nordstrom
Amtrak insurance appeal train railway

The railroad service has now secured a part win in U.S. appellate court in a case dating back to Superstorm Sandy. The latest Amtrak insurance appeal has left the railroad with a partial victory. This is the result of the newest step from the company to obtain insurance coverage payments following Superstorm Sandy. The massive 2012 hurricane caused over $1 billion in damages to the railroad service. Since that time, Amtrak has been trying to recoup some of those losses through its insurance policies. The latest ruling was in the…

Read More

Flood insurance payouts headed to some Sandy victims

H. Cutner
Homeowners flood Insurance hurricane sandy damage

People who showed that they were not adequately compensate after the super-storm are receiving some validation. Following the flood insurance claims from Superstorm Sandy, thousands of homeowners complained that they were not receiving adequate compensation from the federal coverage program, but that is about to change. The National Flood Insurance Program (NFIP) will be issuing payments to many of those property owners. It is now three years after the storm slammed its way across the eastern seaboard and the flood insurance review that was launched in the spring by the…

Read More

Superstorm Sandy insurance settlements through FEMA get closer

Julie Campbell
hurricane sandy business shut down

The Federal Emergency Management Agency is going to begin direct negotiations with homeowners. Homeowners who were victims of the catastrophe that came with Superstorm Sandy will be negotiating directly with the Federal Emergency Management Agency (FEMA) in order to be able to move ahead toward the resolution of disputes with regards to the compensation settlements. A written agreement has now been created by FEMA that establishes structures that it can apply to lawsuits. There are about 2,200 lawsuits that are still awaiting settlement with regards to the compensation that homeowners…

Read More

Insurance news made as FEMA takes new flood claim review direction

G. Turner
hurricane sandy flood insurance news

This, as the Federal Emergency Management Agency has admitted that they have evidence of fraud. Officials from the Federal Emergency Management Agency (FEMA) have now made insurance news as they have agreed to provide the victims of Superstorm Sandy who feel that their claims have not been properly paid, with another opportunity to receive a review. This could provide as many as 144,000 claims with the chance to undergo a fresh review. Moreover, the review opportunity is also making FEMA flood insurance news as it will not be limiting the…

Read More

FEMA official reports insurance fraud evidence

Julie Campbell
New York power outage from Hurricane Sandy- Homeowners Insurance fraud Coverage

According to the “60 Minutes” news magazine, a top official has seen evidence suggesting wrongful settlement denials. A recent report from “60 Minutes”, the respected news magazine from CBS, a top official from the Federal Emergency Management Agency (FEMA) has stated that he has witnessed evidence of insurance fraud within the reports that were made to deny settlements to victims of superstorm Sandy. In an interview that was televised last night (Sunday), the official made it clear that the evidence does exist. Within the CBS program, the deputy associate administrator…

Read More