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NFIP Is Privately Reinsuring

The flooding program under FEMA is working to transfer a huge amount of its risk to the private sector. The Federal Emergency Management Agency has now purchased reinsurance from private companies for its National Flood Insurance Program.
September 29, 2016 Catastrophe Property


Public Adjuster Arrested For Ripping Off Fire Victims

Jose Manuel Villa, 60, of San Clemente, a former licensed public adjuster, was arrested today at his home in San Clemente on multiple felony counts of embezzlement, grand theft, and forgery after allegedly cashing claim checks with counterfeit endorsement seals and stealing a total of $400,000 from fire victims in the Los Angeles area.
September 29, 2016 Fraud Property California






Fire Chief Killed In New York City Home Explosion

A battalion chief who had been considered a rising star in the Fire Department of New York was killed Tuesday when a row house exploded as he was supervising an evacuation following a report of a gas leak, and authorities are looking into whether the building was being used to grow marijuana.
September 28, 2016 Workers' Compensation New York