9/24/2023 0 Comments Wright flood insurance fraud![]() ![]() The Mero's house had to be torn down after the storm. ![]() The photo Kaible took was solid proof for many other Sandy victims who were struggling with similar situations. What am I gonna do?īob Kaible's house was torn down after he sold it for a loss and he believes it was because of a falsified engineering report. I've had estimates of $300-350,000 to rebuild the house. The Kaible's insurance company, Wright Flood, the largest provider of flood insurance in the country, paid him just $79,000 dollars of his $250,000 policy.īob Kaible: We had a mortgage on the house. meaning it existed before Hurricane Sandy. Quote "not structurally damaged." They said the damage was "long term". But this is the report the insurance company sent to Kaible when they denied his claim. It plainly said there was "structural damage" to the house. He says, "This is the report I wrote."īob Kaible got out his phone and took a picture of George's original report. Forensic.īob Kaible: I said, "George, how could you write a report like that?" He goes, "It's not my report." I said, "What do you mean it's not your report?" He says, "Wait here." He goes to the trunk of his car, goes, picks up the report and brings it into the house. Surprisingly, it was the same engineer, George Hernemar, who worked for a company called U.S. The insurance company agreed to send someone back out to the house. Making matters worse, appeals to the federal agency in charge of all of this, FEMA, went nowhere.īob Kaible: Just that this report is wrong. Thousands of claims have still not been resolved and there is evidence that many homeowners were victims of what appears to be wide-scale fraud where original damage reports were later changed to make it look like the damage wasn't as bad. Many of them say they have been cheated out of their insurance claims. Now two and a half years later, Sandy victims have been hit by something else they didn't expect, the storm after the storm. What they didn't expect was just how bad Sandy turned out to be: 117 deaths, and damage estimated at more than $60 billion, second only to Katrina. When Hurricane Sandy made its way towards the East Coast in the fall of 2012, residents knew it could be devastating. Oriana Zill de Granados and Michael Rey, producers. ![]() The whistleblowers claimed they witnessed State Farm pressure engineers to rule that property damage was caused by floodwaters rather than wind.The following is a script from "The Storm after the Storm" which aired on March 1, 2015. State Farm: Two whistleblowers, both former claims adjusters, brought suit over State Farm’s post hurricane Katrina conduct, alleging the insurance giant shifted claims within their responsibility to Federal insurance programs.In so doing, such insurers falsely redirecting insurance claims away from themselves and onto FEMA, causing FEMA to pay for damage for which private insurers are truly responsible. ![]() In the wake of a complex natural disaster, private insurers can defraud the government by casting blame for structural damage on flooding, rather than on wind or other forces that fall within their policies. These policies are meant to insure property owners against the damage caused by floods only, and do not cover damage caused by other destructive natural forces like wind, hail, and rain, even though they frequently coincide with major flooding, for instance in the case of hurricanes.ĭamage from forces like wind is generally covered by private property insurance policies. As a result, most flood insurance policies are issued by the Federal Emergency Management Agency (FEMA). There are virtually no private underwriters of flood insurance in the US, as it’s been deemed too risky by almost every major insurer. Flood insurance fraud usually occurs in the aftermath of natural disasters, in which a combination of weather factors causes major damage to structures. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |