A federal lawmaker who is one of the insurance industry's most vocal critics suggested at a Congressional hearing last week that insurers with Hurricane Katrina claims had cheated the National Flood Insurance Program.
"I am convinced that insurance adjusters billed the Flood Insurance Program for some damage that should have been covered by private wind insurance," Rep. Gene Taylor, D-Miss., testified at a House Financial Services Committee hearing.
He said his office had received "thousands of calls" regarding private insurers, but not one complaining of the NFIP's actions in handling claims.
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