New York Sen. Kirsten Gillibrand has asked the Federal Emergency Management Agency to review rules that resulted in insurance coverage denials for some Superstorm Sandy victims.
Gillibrand’s letter this week came after reports that the National Flood Insurance Program is denying claims to thousands of homeowners who have costly damage to their foundations due to Sandy. Currently, a FEMA provision states that the agency does not insure property loss caused directly by earth movement, even if the movement is caused by a flood.
Gillibrand says it’s not right for “bureaucratic fine print” to stand in the way of getting homeowners back on their feet. She wants the denials reconsidered.
Was this article valuable?
Here are more articles you may enjoy.
Lawsuit Accuses Meta of Using AI to Target Workers With Medical Conditions for Layoffs 
Citadel Securities Asks to Join Susquehanna Insider-Trading Suit 
US Hits Iran With Strikes, Blockade as Trump Plans Hormuz Charge 
Insurer Interest in AI Exclusions Growing as Risk Becomes Omnipresent 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.