Urges Congress to investigate claims that insurance companies have used revised engineering reports to deny flood claims from Superstorm Sandy.
Impact
The resolution draws attention to a troubling legal finding in the case of Raimey v. Wright National Flood Insurance Co., where it was revealed that an engineering report was altered by an insurance company. This alteration, rooted in a peer review process, misrepresented the cause of damage as being unrelated to flooding, thus denying homeowners their rightful claims. The proposed congressional inquiry aims to establish the extent of this practice and its implications for homeowners across New Jersey and other states similarly affected by flooding.
Summary
SCR91 is a Senate Concurrent Resolution from New Jersey that urges Congress to investigate allegations concerning the practices of insurance companies regarding flood claims from Superstorm Sandy. The resolution highlights claims that these companies have utilized revised engineering reports to unjustly deny legitimate claims from homeowners who suffered damage due to the catastrophic storm. This initiative arises from a significant event that struck New Jersey in October 2012, causing extensive damage and disruption throughout the state.
Contention
The bill addresses a critical issue regarding the accountability of insurance companies operating under the National Flood Insurance Program (NFIP), overseen by FEMA. At its core, SCR91 seeks to illuminate practices that may be systematic among insurance firms, raising fundamental questions about fairness in the claims process for homeowners affected by natural disasters. By calling for federal investigations, the resolution not only seeks justice for affected individuals but also reiterates the importance of ensuring transparency and integrity in insurance practices.
Carry Over
Urges Congress to investigate claims that insurance companies have used revised engineering reports to deny flood claims from Superstorm Sandy.