Interim Report: No proof insurers labeled Katrina wind claims as flood
Friday, August 17th, 2007 Catastrophe PropertyA preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood insurance program. At the same time, the Department of Homeland Security says that although its "limited review" did not uncover any evidence, it could not rule out the possibility that such shifting of claims by insurers participating in the Write-Your-Own program occurred.
External References & Further Reading
http://www.insurancejournal.com/news/national/2007/08/16/82703.htm
