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"Obvious Conflict of Interest" Between Insurance Companies, NFIP?

Claims News Service, Jan. 8, 11:46 a.m. EST -- A recently released report from U.S. Representatives Gene Taylor (Miss.) and Charlie Melancon (La.) is calling for independent adjusters to be involved

By Eric Gilkey | Updated on January 08, 2007

Claims News Service, Jan. 8, 11:46 a.m. EST — A recently released report from U.S. Representatives Gene Taylor (Miss.) and Charlie Melancon (La.) is calling for independent adjusters to be involved in the investigation and reporting process for claims involving the National Flood Insurance Program. Taylor and Melancon are the respective chairman and vice chairman of the Hurricane Katrina Task Force.

In the 18-page report, entitled “Katrina and Beyond,” the current claim process is described as having “an obvious conflict of interest” for insurance company adjusters, who decide whether the government or their employers should pay the claims made to the National Flood Insurance Program (NFIP).

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