Federal Emergency Management Agency officials have agreed to reopen and review every flood insurance claim filed by Superstorm Sandy victims. The review will involve approximately 144,000 claims and not limit corrective action to 2,200 that are currently in litigation. The announcement comes following allegations of fraud involving the way some insurance companies assessed damage. Senators Menendez and Booker of New Jersey and Schumer and Gillibrand of New York, met with a FEMA administrator Wednesday. Those who filed claims will receive letters from FEMA about the new review process. Insurers have denied any wrongdoing.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source

























