The Storm after the Storm: Underpaid flood insurance claims | 60 Minutes Archive

[@allen2zulu]

regular person commits fraud = prison. Insurance company commits fraud = CEO bonuses

[@ROCKOLA79]

💯percent Bingo!

[@cattigereyes1]

Legal theft. This is America after all.

[@donaldcarter1299]

To big to fail like banks it will effect economy. They know it. Sooo... corruption and money greed. Happens every day with car claims

[@andreaallen1362]

Wow you are so right

[@gb3776]

Golden Parachutes 😮

[@ciaraendicott9088]

Thank goodness that engineer was a man of good integrity. Good for him for calling out these people!

[@sophiadeklerk1509]

2 YEARS later !!

[@artuanmcgee9244]

As a PE you have to be ethical or lose your license and go to jail.

[@MarieHernemar-w5g]

Exactly when did he call it? I guarantee you, the authorities had all the information they needed. Society must never choose who will win and who will lose.

[@brittweber3626]

We all work hard to pay our premiums, and are afraid to make claims in fear our prices will rise or we will be cancelled. So, why do we even have insurance? Something needs to be investigated.

[@RoseanneSeason7]

People should have been smart and voted for Ralph Nader but people aren't smart in America

[@jefferson6224]

I always suggest have a good, experienced public adjuster by your side. Remember insurance & desk adjuster’s represent the company, who represents you ?

[@lastshallbefirst5516]

@@jefferson6224😂.. that doesn’t matter, at the end of the day corporate greed rules. If it was that easy, then this insurance problem wouldn’t even exist

[@joshuaattractsmoney]

Good question. Smh. I think the only insurance that is not a scam is health insurance to a certain degree

[@windsofmarchjourneyperrytr2823]

Doesn't make a damn difference. Buy an extremely common, not expensive 3 y.o. car, with 140 identical ones that year, and car insurance is STILL 1,800 a year! I said. If we have a total loss, just get me what I had. I don't need a new one!

[@donnam5060]

These insurers should be criminally liable for falsifying documents submitted by another firm.

[@divinewon73]

The head of the OIR is the Florida Insurance Commissioner. The Commissioner is appointed by the Financial Services Commission (FSC). The FSC is comprised of the Governor, Chief Financial Officer, Attorney General, and Commissioner of Agriculture. The governor and other Republicans appoint the commissioner for insurance… They are all scratching each other‘s backs, and washing each other‘s hands while they get rich at the expense of taxpayers. Is everybody tired of paying lots of money just to get some crooks rich? Vote blue!💙🇺🇸🇺🇸🇺🇸

[@KRAMITDFROG]

"These insurers" is the federal government. The National Flood Insurance Program is a FEMA program. Homeowners' insurance does not cover flood.

[@KRAMITDFROG]

​@@divinewon73As I said to the other guy, Flood is federal. DeSantis has no say. Wright Flood is a third-party administrator.

[@nickmartin198]

But they won’t be. Insurance is Ponzi scheme.

[@myrastevens7098]

​@divinewon73 it's not a red or blue problem. We all know that just because you call yourself something doesn't make it true. We need someone worth voting for.

[@indetrucks]

insurance has been and always will be the biggest scammers

[@reginacarrithers4454]

Along with most attorneys.

[@ucruci]

FEMA is also complicit.

[@alejandronopasanada5302]

I can’t believe the adults adulting before me allowed this.

[@brownbrve]

They know we are required to have it so it gets worse and worse

[@jamesfields7]

go without it

[@sheldonthomas8773]

A copy of the engineering report should be given to the homeowners, so this can be avoided.

[@mondocjenson-dy8zd]

Usually Scammed Americans

[@fritzbaden8085]

Very good idea 💡

[@DubbyDubois]

They dont want to fix any discrepancies

[@sunnybunnyranch]

They don’t send engineers!!!!!!!

[@frOODAloops]

@@sunnybunnyranch What do you mean they don't?

[@heroinekac5402]

Home ownership in America has turned into the biggest joke.

[@feeshforlife9853]

Thank you so much 60 minutes!!!!! For exposing these corrupt insurance companies. As a contractor I see stuff like this EVERY SINGLE DAY.

[@Fido-vm9zi]

I truly appreciate honest people who care about people.

[@Serenityfor1]

How do these companies get away with these crimes?!

[@kiwitransgirl]

Legally

[@coleslaw420]

Insurance is a legal scam they find every way to say no or pay as little as possible

[@bjvu9460]

Them changing the report would constitute FRAUD and that is when you get the DA involved! Get the original report and get the one they sent and send that to the oversight for the insurance company and then sue them in court. A class action lawsuit only makes the lawyer happy and gives him a new jet

[@dianeivanoff6312]

First, flood insurance is only through the government. Independent carriers get a small amount to “service” the changes and process the claims. So the problem is good ok uncle sam

[@marisahokefazi4735]

​@@dianeivanoff6312 Incorrect.

[@chaws314]

Insurance is a total scam.

[@Rayjack-m9o]

Insure yourself if possible !

[@neilkurzman4907]

If insurance is a total scam, then don’t get any. Then you can simply rebuild with your own money

[@neilkurzman4907]

@@Rayjack-m9o😂

[@bigcahuna42366]

Not a "total" scam. Depending on your incident and who you are dealing with, some insurance companies can be your hero.

[@petergoodman1337]

@ chaws314 insurance is a partial scam where ALL of them exist to make a profit. Similar to a casino. There are a few people who receive a payout, but almost everyone loses eventually

[@Manuelabor1978]

Sickening. This country is so money hungry.

[@timothye5936]

It’s called capitalism…corporations have only one obligation and that’s to maximize shareholder value any other consideration is malfeasance and illegal.

[@Rayjack-m9o]

Greed is rampant !

[@wbay3848]

@@timothye5936This is a common myth. Many people who have never operated a business believe nonsense like this. If “making money” was the only goal of a business, then society would fall apart immediately.

[@maxman-357]

​@@wbay3848 if you can't conduct business lawfully, well you shouldn't be in business. 💯

[@stanmarcusgtv]

@@timothye5936 FEMA is gov the new guy lasted a matter of weeks "his resignation comes just 24 hours before he was to testify during a Congressional hearing into the alleged systemic flood insurance fraud that was revealed in the weeks and months and Sandy.” sounds like gov corruption

[@Fuphyter]

I lived on eastern Long Island. There was a bay 5 houses down and 1 big lot to water in back. Superstorm Sandy left a foot of water in my home. We paid into flood insurance since 1990 and had $250,000 in coverage . I was divorced when it hit. The adjuster said I should get the full amount due to damaged everything. I lived in a hotel for 2 weeks then a rental for months while my home was being repaired. I finally got the flood insurance $69,000. It wasn't enough to cover work?!? I was livid.

[@PhysicsGamer]

So did you... fight it, at all? Or did you just accept the money and move on?

[@Fuphyter]

@@PhysicsGamer I fought but they didn't give me anymore funds. Thankfully I had some money saved.

[@jimparsons9454]

Also, this is just the beginning. Many insurance companies, if not all, are pulling out of high-risk markets. They see no benefit in remaining in those markets, and the losses are catastrophic. You might end up living in a home you can't get insurance for.

[@alejandronopasanada5302]

When I went looking for a house, I couldn’t believe they were even on the list.

[@jimparsons9454]

@@alejandronopasanada5302 there's a sucker born every minute

[@Erin-rg3dw]

Admittedly, you can't really blame them. Why would they want to insure a property that sustains damage frequently, especially in coastal areas where the frequency is pretty high. It's either that or the premiums are astronomical. Also, the properties are only getting more expensive, which means more expensive to repair/replace.

[@ericaschemeyer827]

They should pay the claim in good faith… then pull out. The government used to protect the consumers. Now they are bought and paid for by the corporations. Forty years as a forensic engineer… now it’s a hard fight with no consumer protection.

[@windsofmarchjourneyperrytr2823]

Ok, but who has the ability to pay cash? I don't think a mortgage Co will want to get involved w an uninsured house.

[@i-likemy-space7729]

Most all errors are to the corporate benefit.

[@BBakira1031]

And if it's not they correct it REAL quick...

[@Cybersawz]

Except, these were NOT errors!

[@chewyb383]

I had a copy of the 3 field Supervisors HAND WRITTEN NOTES on my sisters loss claim. Allstate still left 60% off. It was a major battle to get 80% of it back. The insurance companies are commiting fraud on a large scale. They are betting that the lawsuits that they have to settle are less than their fraud. End of story.

[@AA-iy4gm]

And fighting a claim that much can take a toll on a person's health.

[@adammarkowitz7944]

This is how insurance companies profit. You pay your premiums for years, then file a claim, and they pay a fraction of the costs of rebuilding. I lost a house in NY State after Hurricane Irene in 2011. There was water 5 feet high, the furniture was floating, and, later, mold everywhere. They paid a total of $10,000. I had to walk away. This is the norm, not the exception.

[@maxman-357]

Exactly what they hope you do. 😤😡

[@dwilson6769]

And why are we still allowing it? Who's got the threats over their heads? Metaphorical question but I dont have to wonder why some people go missing that could reveal some scams. Something is seriously wrong with the criminals behind the curtains. And we still try to get them their broomsticks. Lazy Americans.

[@patrickodonnell9388]

Here is the rub there going to give you a fraction of what you are owed then there going to ether cancel you or charge you more after to get what they paid out back.

[@KRAMITDFROG]

Sorry for your loss. The National Flood Insurance Program is a FEMA program. Don't blame insurance companies for that. You may also want to look into things like combined ratios of insurers before spouting off about profit while writing that on your iPhone (or Galaxy) with a roughly 50 percent profit margin.

[@windsofmarchjourneyperrytr2823]

​@@KRAMITDFROG Yeah, but you have options there. I can buy an older phone or tablet that's refurbished (I hate this newer os, anyway, I like my older one). And nobody goes into a phone assuming they'll have it longer than a few years, max. Right now, I'm on year 4 on this s10. Hate my dad's much newer phone. I like tap to wake. His makes you squeeze...yuck. Hate Win 10, too. Just not user-friendly. Nothing in a logical place. But, my stuff is another matter. ALL of it? I think you have to be real clear with them in ADVANCE about what the payout is. If I lost everything, we'd be looking at at least 50k. Car included. I'd be out there w industrial vinegar making a college try at a lot of things...electronics, anything, is often a loss of it gets mold or smoke near it. But much of mine isn't new, it's better made than the new stuff, tho. Wouldn't be able to replace the quality today for that price, even assuming you could find one.

[@dwaynejones1555]

Despicable!

[@bomanbuilderssnowremoval-ng6ux]

People need to realize nobody is coming to save you.

[@Rayjack-m9o]

Self Reliance should be the goal.

[@Angus-Johnson-8334]

Jesus saves.

[@thuggineternal]

AND NO ONE IS GOING TO TAKE CARE OF YOU. NOT EVEN THE GOVERNMENT. ESPECIALLY ÑOT THE GOVERNMENT.

[@adamjankowski4315]

​@@Angus-Johnson-8334lol

[@14elvira14]

It's tough when a large asset is damaged but yes, keep safe, have resources, no debt, emergency fund, marketable skills. Save yourselves and stop consuming so much! This country is eating itself to de@th with money, material items, food!

[@4Bluehearts]

If fema cant make it right then why require the insurance to be paid?

[@peggypasson8794]

I live by a flood zone an I know if they choose to rebuild on the same place fema won't help ? Sad but true

[@elainedaprano9130]

The STATE insurance commissioner is (supposedly) responsible for investigating. THEN it goes to FEMA. Ultimately the Federal government steps in to administer legitimate claims. That had to happen when Hurricane Katrina hit New Orleans. They gave money to EVERY legitimate homeowner even those who lost their paperwork in floods AND homeowners WITHOUT insurance! FEMA repaired homes WITHOUT INSURANCE herein GA 2;years ago after our terrible HISTORICAL tornado.

[@KevinHarvey-qw5mj]

You pay into the insurance company for one thing pay thirty years file a claim then they drop you and have to get other insurance at higher cost 12:06

[@Oldsk-l5r]

Because it’s another government supported racket run by greedy corporations.

[@kristenkern4247]

lol doesn’t surprise me one bit! Insurance is such a scam anymore. They do the same things in Florida after hurricanes

[@divinewon73]

The head of the OIR is the Florida Insurance Commissioner. The Commissioner is appointed by the Financial Services Commission (FSC). The FSC is comprised of the Governor, Chief Financial Officer, Attorney General, and Commissioner of Agriculture. The governor and other Republicans appoint the commissioner for insurance… They are all scratching each other‘s backs, and washing each other‘s hands while they get rich at the expense of taxpayers. Is everybody tired of paying lots of money just to get some crooks rich? Vote blue!💙🇺🇸💙🇺🇸💙

[@masterjedi6424]

Everyone is protesting the war in Lebanon and Israel. But no one has the balls to protest the IRS or Insurance corporations?

[@melkikuo7921]

Great point.

[@ShereeEllison]

That’s what I say why we can’t take care of home first . Now another major hurricane 🙏🏼🙏🏼🙏🏼🙂

[@virgo-in-cyn1537]

Vote 🗳️

[@pjgraves03]

Americans have rights and it is pastime to stand and declare our rights. We support the government and they seem to forget who they answer to.

[@MainPointMinistries]

We should protest both

[@Corleone_Napoleone]

Wait and see what’s about to come after Helene. Not worth buying home insurance anymore. They will simply NOT PAY.

[@elainedaprano9130]

FEMA will cover those folks in NC without insurance. They did here in GA. Obviously the Fed will help NC to rebuild but it's going to take decades, hopefully under a FAIR administration...

[@sharynkoren2054]

Mortgage companies require insurance. Paid off home? No insurance? At your risk of losing it all

[@D0omC0okie]

@@sharynkoren2054these people are losing it all WITH an insurance policy

[@sharynkoren2054]

@@Corleone_Napoleone Bankrupt insurance companies coming... Won't pay claims I bet

[@windsofmarchjourneyperrytr2823]

​@@D0omC0okie Something sounds amiss there. When I bought my CARS, I had a long discussion about value. If they wanna charge me ridiculous prices, I need to know what's where. I don't even NEED a new one. 3 years old, 40-some k on it is fine. Most of my cars lasted 15 years bought that way.

[@CT-vm4gf]

They went into debt and rebuilt their home in the same place where the exact same thing could happen at any time. I don’t think I could live with that thought on my mind.

[@MaryJaneJones.]

Bingo!! It's so easy to up and leave.

[@kchaukraa2771]

@@MaryJaneJones.that’s such an ignorant thing to say.

[@kchaukraa2771]

Just because you live inland and don’t have these fears doesn’t mean people don’t have lives they’ve built for YEARS families careers. People don’t want to up and leave what they’ve spent years creating. A house is a house. The things around/inside make it a home.

[@keithboyer7507]

Insurance companies SUCK

[@paragonfl]

FLOOD INSURANCE IS NOT A HOMEOWNERS INSURANCE POLICY. Flood Insurance is a national program and has its own set of rules. Flood insurance is ALWAYS ACTRUAL CASH VALUE (ACV) WITH ONE EXCEPTION WHICH IS ONLY FOR THE DWELLING OF THE INSURED AND IS THE PRIMARY RESIDENCE FOR 10 MONTHS OUT OF THE YEAR.

[@AA-iy4gm]

Its always one disclaimer or another, fine print thins or fine print that, technically this or that. It's irrelevant when the point is on the inconsistencies with what they say vs what they do when a claim is made.

[@paragonfl]

@@AA-iy4gm ... the big print giveth - the fine print taketh away. don't just read the captions, read the policy.

[@Chopsuey087]

Start sending these insurance company owners to prison for fraud.

[@jimparsons9454]

I don't blame anyone but. The government for this mess. There are places you just don't build i.e. barrier islands, places prone to flooding, etc. These lands should be bought by the government and turned into a wild life habitat as it should have been all along.

[@Catnyp2828]

Agreed.

[@CrocodileWhispers]

"There are places you just don't build" Yes like 85% of florida should have been left uninhabitated. Air conditioning is the only thing that makes it livable and we burn energy to keep the a/c going...

[@timothye5936]

Blame developers and the local politicians that they payoff with campaign contributions

[@CrystalMouse1]

Back to Indigenous Peoples

[@fluxcapacitor1621]

Trying to blame government for the failures of capitalism.

[@alyross2850]

Flood insurance. Lol. Neighbor of mine in PA had flood insurance and they paid for a door. That’s it. No furnace, no water heater, no flooring, no walls. Water up to the first floor from the basement.

[@Cybersawz]

Wow!, just wow! Several people need to be criminally charged and when found guilty, imprisoned! Totally unacceptable.

[@pjgraves03]

Affordable Insurance is dirty.

[@blakeaaron5698]

Insurance companies need to be regulated non-profit organizations.

[@Rayjack-m9o]

Will not work unless you are talking about another government agency with all the inefficiency and waste you see in other government agencies and either higher prices for everyone else or tax payers picking up any shortfall.

[@God-Love-Freedom]

💯

[@elainedaprano9130]

​@@Rayjack-m9oI am more than happy to help other Americans with MY tax dollars and NOBODY can muster up assistance faster than the US Government. Ask the people in New Orleans. Btw, isn't your 'red tape" how insurance companies are ripping off policyholders? Yep. So, are you calling your fellow Americans scammers? Because WE are "the government.

[@KRAMITDFROG]

Except this is a FEMA program.

[@windsofmarchjourneyperrytr2823]

​@@elainedaprano9130 That's sarcasm? Maybe I'm tired. I wasn't sure. What I saw in NOLA, was pets and people tortured and left to rot when they died for a week. And the government did NOTHING. They could have had the National Guard there in an hour, if they wanted. Our biggest disgrace. Letting Americans citizens and their pets suffer horribly and left to rot outside.

[@jamesfields7]

His last line is so ironic when, in fact, he can "wave a magic wand" and make everything right, the harm THEY CAUSED through sponsored fraud, for everyone. It's called writing a check.

[@stanmarcusgtv]

he resigned after a matter of weeks: "Additionally, his resignation comes just 24 hours before he “was to testify during a Congressional hearing into the alleged systemic flood insurance fraud that was revealed in the weeks and months and Sandy.”

[@Mike_Genisys]

How did Fema not notice that the reports had been altered? Why didn't the alteration of the report cause FEMA to go after the companies?

[@timothye5936]

FEMA is not a law enforcement agency?

[@NETWizzJbirk]

Watch it again. They noticed in fact, they took action and had government lawyers go after the victims, accusing them of stealing the unaltered reports.

[@neilkurzman4907]

What do you think the report had white out on them?

[@majorlagg9321]

You're asking why the leader of the burglary ring didn't go after the other burglars.

[@neilkurzman4907]

@@majorlagg9321 That’s a pretty lame analogy. I’m sure you worked a long time on it. But you’re right we should get rid of federal flood insurance. And leave everything to the market.

[@timothye5936]

I paid for additional flood insurance for twenty years and despite getting flood damage multiple times, I never had a claim that was approved.

[@maxman-357]

You could have saved those premiums yourself. Just sad how they do hard working people.

[@KRAMITDFROG]

​@@maxman-357They? You mean the federal government? That's what flood insurance is.

[@windsofmarchjourneyperrytr2823]

Have you been extremely annoying? That works. Insistent. Then, drop the lawyer thing...

[@timothye5936]

@@KRAMITDFROG yep.. the surface flood waters never impacted the dwelling, but the rising ground water entered the finished basement. Flood insurance doesn’t cover groundwater damage.

[@LatinRuthlezz]

Maybe try to sue them next time

[@glbligliliyglihglig]

INSURANCE----- Always was, and will always be the biggest scam out there.

[@DanishGSM]

Its NOT the weather, but where people are living.... So after a storm. They Build again...same Place...

[@CT-vm4gf]

Same flimsy materials.

[@missbecky007]

They bought their insurance an paid their monthly payments in good faith that they will be reimbursed for the damage IN FULL. That being said, you will not receive any federal assistance or federal loans if you build in the same place. Had to build on top of the hill, or they wouldn't help. (which makes perfect sense)

[@alejandronopasanada5302]

When I was a kid and we would go to the beach, I would see a house like mine but, on 4x4s or whatever. Just sitting on sticks with a car parked underneath. This was silly to me as a kid. In the past few months even before Helene, there have been an uptick in videos in my feed of houses falling into the tide with the septic tank exposed.

[@malanalan1]

Quiet Simpleton.

[@Erin-rg3dw]

Or both. Some areas rarely get hit with serious storms like this, so they don't plan for them. Others are determined to build in a location without making significant changes, i.e. raising a house that's near the ocean.

[@jadwigadomeracki1079]

ENOUGH IS ENOUGH

[@Muzikrazy213]

Really? So what are we gonna do about it?

[@scytheio1879]

Insurance are always a scam. But also people building homes next to water is also not smart.

[@JoanneGreene-g4l]

and why should the taxpayer subsidize it?

[@ERAforALL]

I suggest that during these huge catastrophic events that anyone suffering damage on their homes hire an independent damage assessment inspector BEFORE the insurance claims adjuster visits. The insurance companies are typically overwhelmed with claims, and often bring personnel from other states to assist. Having your own professional assessment report can help get a more fair insurance claim settlement, and is well worth the money. I don’t know that this will work for everyone, but speaking from firsthand experience, it did for me.

[@meganharris583]

Means one would have to have savings to do that…..plot twist our country doesn’t believe in financial literacy in schools.

[@ERAforALL]

@@meganharris583 I paid $300 for my personal assessment. While it is probable that it may cost more, it is a good investment toward ensuring that you are given a fair settlement. I found that it more than paid for itself.

[@melanieredfield9736]

But the problem isn't always with the adjuster. I'm in Florida and several adjusters went on the record to our insurance commission with proof that their reports were altered at the desk of the insurance company. They actually changed information on SIGNED inspection reports, which is forgery!! Our insurance commissioners told them their testimony time was up, bring it privately to their offices for further discussion. What changed? Nothing....except our rates jumped AGAIN, flood insurance requirements were extended to more homeowners, and insurance companies were given the green light to pro-rate damage claims based on the age of the roof or the structure. We also lost our right to force insurance companies to pay the legal expenses when they lose in court for denying la legitimate damage claim. Helene is going to be a nightmare for Floridians! I'm sure there will be many many thousands who will never recover their property or get a fair settlement. As it is 20% of FL homeowners have dropped coverage altogether because it's a total waste of money when it comes time to file a claim. What happened to the Sandy victims has been standard practice here for years.

[@dannilynn7641]

​@@melanieredfield9736yep! They swept that right under the rug.

[@LadyPantera57]

I literally just left a comment on a video about hurricane Helene, where I asked about if people's flood insurance is going to work in this situation. I really hope things have improved since hurricane Sandy! 🙈

[@alejandronopasanada5302]

I live outside an area that was hit where I do quick trips. It’s the mountains. People don’t even have flood insurance and the fact that homeowners doesn’t cover it is not widely known until something like this.

[@LadyPantera57]

@@alejandronopasanada5302 That's horrible! I hope everyone gets the help they deserve.

[@markpashia7067]

The exact same scam is going on right now over Hurricane Ian in Florida a while back. False engineering reports and altered ones. God knows what Helene will be like but I doubt it will be better.

[@windsofmarchjourneyperrytr2823]

​@@alejandronopasanada5302 How does one insure a house and not read the papers or even ASK?

[@anandaadidevi2339]

See a comment above. FEMA reopened thousands of claims and the guy over the flood insurance division stepped down.

[@janetbusener6326]

Insurance companies will not cover this. Cut losses and move to higher ground 😮😢

[@stanmarcusgtv]

btw, 60 Minutes forgot to update: "on June 2, 2015, it was announced that Brad Kieserman, the Deputy Associate Administrator for Federal Insurance and the man brought in to investigate the allegations of wide spread fraud on behalf of the Write Your Own (“WYO”) insurance carriers, is stepping down. Almost as quickly as he came in, Kieserman is now leaving his role at FEMA for a job in the private sector working for the Red Cross. In February, Chip Merlin wrote about Kieserman’s entrance in his blog post, Kieserman Appointed to Lead FEMA Superstorm Sandy Investigation of WYO Claims Handling. Kieserman’s departure comes on the heels of the recent implementation of the Superstorm Sandy Claims review process where FEMA is looking to reopen 144,000 flood claims. Additionally, his resignation comes just 24 hours before he “was to testify during a Congressional hearing into the alleged systemic flood insurance fraud that was revealed in the weeks and months and Sandy.”

[@GR-ju4db]

I told my wife to get rid of our flood insurance after a hurricane hit a few years ago that poured rain and wind on our home for days. There wasn't even a water puddled up anywhere shortly after it went through. Our neighborhood is relatively new and engineered to drain into retention ponds that then drain into the gulf. At about 20 feet above sea level, there's no way flooding could happen in our home unless it was the end of the world. I've always felt insurance companies are quick to collect on their policies, but drag their feet and do their best NOT to pay out and cover anything when needed most.

[@AZsunflower]

You told you wife? What you don't have a phone?

[@bt2598]

Requiring people to buy insurance but not reimbursing people when they need it is crazy

[@michaelwhalen9339]

How about we send the individuals who falsify the reports to jail.

[@40acresandatractor222]

Demons🤬

[@Rayjack-m9o]

Business !

[@sauronthegreat5799]

Why isnt there a federal agency who oversees these criminal insurance companies.

[@ashtonarmstrong3082]

We are at the point where the only way any company can continue their stock price up and to the right is to defraud. Easy to generate additional revenue when you don’t follow the rules.

[@patpeacock8150]

Thats insurance fraud and the insurance companies upper management should be charged in criminal court

[@Nottherebutthere]

Engineer stayed silent until lawsuits against his company started coming in.

[@14elvira14]

Hmm 🤔

[@carmaela2689]

Bless this man of integrity for speaking up. That takes guts.

[@OldSeer]

Worse. Some insurance companies have gotten legal protection, depending on the state. They can't be sued for fraud in places.

[@LoveU-qd9ji]

Crooked Crooked Crooked

[@JoeAngel-t3f]

Corruption at the Greatest level. God will punish those responsible for this insurance fraud for deceiving people in this way.

[@ericbrown9900]

In America, God is the only regulator.

[@vb7717]

Insurance companies are in the business of making money and finding ways to deny claims. Not actually insuring customers. It's gotten to a point where you're literally paying premiums to be without coverage.

[@uniquelybeautifuljourney7261]

This needs to expose so people fight back we shouldn’t be mandated pay insurance if the insurance companies are crooks they are in it for themselves. I would suggest people pay off your home ASAP and save your money people will save more to rebuild their own home in 10 years than what they pay the insurance companies will ever approve and pay to you when you get a home damage

[@debridings1889]

We are mortgage free and dropped our homeowners years ago. We put that money each year, faithfully into a box, not bank, since there is no incentive to do so. If anything happens to our home, we'll pay for it and rebuild it ourselves. We paid premiums for over 35 years...hefty premiums for enough insurance to rebuild if anything happened. We needed a new roof at one time, it was metal...and started leaking in a spot or two. We called them to come see about it and they told us, after inspecting it that it had "aged out" and was not weather related, so the insurance would not pay to repair or replace it. We were done with them at that point and never looked back. We never actually filed a single claim, yet every year, the policy was reduced in value and the cost rose. We figured we were paying for all the other claims being made because we were not a risk. We're done with that now and can sleep well at night. No longer are we frustrated by insurance scamming companies. Maybe this route is not for everyone, but it works for us.

[@danamarie8718]

I dropped my insurance as well. I am self-insured. All of those premiums I don’t pay I am saving to fund any damage I might have in the future.

[@gazjaz2010]

you can get a savings account that pays 5% ... much better than a box

[@14elvira14]

Congrats and good luck! Americans need to save, get skilled, and be liquid enough to be able to fight back against fraud, government policies, banks, etc..

[@jamest2861]

The insurance company would throw an engineer under the bus if they could get one to falsify damage claims. And they would fire him if he didn't. They hold the engineer hostage! The only person that doesn't get in trouble or go to jail? The CEO of the insurance company! The government doesn't care because they don't want that company to shut down and all those people lose their jobs. They don't want their stock prices to sink. When in reality the CEO needs to go to prison for 20 years.

[@stephenoden829]

After Katrina….State Farm was the same way….deny until litigation is used….well that was when State Farm among many many other companies still wrote policies….now it’s just money grab companies that I would be terrified to even make a claim ever. Very sad this is not a national topic….far too long had consumer rights have fallen by the wayside

[@edbouhl3100]

Since an alarming number of people can’t balance a checkbook, an even larger number have no idea about how insurance works.

[@Bosco-knows-all]

The Federal Government didn't DO anything? Say it ain't so.....

[@anandaadidevi2339]

Yes, they did do something. The guy in charge of the agency stepped down and FEMA reopened many thousands of claims to investigate.

[@14elvira14]

Thank goodness engineers understand ethics and safety. Prison for the rest of them!

[@AGILISFPV]

The government needs to have a real public insurance system

[@windsofmarchjourneyperrytr2823]

No. They f up everything they touch. Just STRICT regulations.

[@paulasmall5113]

It needs to be required by law that inspectors leaves home owners a copy of their home inspection/damage report. Then there can not be any questions.

[@davidlepow1310]

So....nothing will be done

[@meganharris583]

Got to vote out the state and federal level representatives for NOT enforcing laws and not creating ones to better protect you.

[@JoRonnamo]

Unbelievable! 60 Minutes is actually doing some real reporting!

[@donnaallgaier-lamberti3933]

If we thought Sandy caused an upheaval in the insurance issue....just wait until the water goes down on this current 9/17/24 storm raging from the Carolinas to Florida.

[@alejandronopasanada5302]

It’s a mess. When they roll back this time, there should be a revolt. If you don’t actually want to do a job, don’t say you do. It’s that simple but we have a system for crooks.

[@EllieM_Travels]

If they would have been able to get away with it, they’d have gotten away with it. Good for the Texas attorney who took this on and the people who wouldn’t back down! There should have been prison time served for these crimes.

[@hulk-smash-deez-hose.7951]

Greed greed greed sums it all up.

[@dannydaw59]

At the 10 minute mark, the story said 5 million homeowners in flood zones have to buy flood insurance backed up by FEMA. What about the homeowners that dont have a mortgage that outright own their home?

[@ericaschemeyer827]

It’s going to be worse than Sandy..Insurance Commissioners sold out a long time ago. They won’t make you whole. You will own nothing and be happy. It’s the new normal. Pay off your mortgage and build back with protection and be self insured.

[@patheticprepper4496]

Thank you for doing real reporting!

[@petergoodman1337]

Any person who is certain capitalism is the best and only solution should see this story. Government has a role in a great society. Healthcare and insurance are two roles. Not Wall Street and shareholder returns causing corruption and inflation

[@Priust189]

We saw what a mess was that was during Covid

[@wbay3848]

Anyone who thinks capitalism is the only solution isn’t capable of being in a policymaking position.

[@Priust189]

@@wbay3848 there are communist countries you can go live in if you prefer. I don’t think it’s all the free goodies and gumdrops you think it is

[@petergoodman1337]

@ Priust189 The mess you perceive was also a result of Wall Street, you just saw government deliver the results

[@petergoodman1337]

@ wbay3848 Although I like the sentiment of the comment, I would think it is nearly impossible for any policy maker to not be a puppet for capitalism.

[@bunnspecial]

Shocking. Insurance companies alter documents in their favor.

[@alecphoenix6631]

Insurance Industry needs to be abolished. It is a Criminal Syndicate.

[@YagirlM]

💯

[@KRAMITDFROG]

This is FEMA.

[@danielbanks2131]

The doj is necessary, for Americans to be protected from all insurance companies, because it doesn't stop here with flood insurance.

[@barbiec4312]

Yeah and some presidential candidates want LESS oversight for this kind of thing…

[@marisahokefazi4735]

Specifically and only Republican candidates.

[@ucruci]

This is why big corporations are pouring $billions into this to get Republicans elected. Just read #project2025.

[@aquariusthompson8212]

@@marisahokefazi4735 you guys are so damn blind

[@alejandronopasanada5302]

I can’t believe people still out here believing in these candidates and parties in 2024.

[@marisahokefazi4735]

@@aquariusthompson8212 Nope, But perhaps you guys (Whomever you guys are) need to educate yourselves more by looking up the actual decisions, , policies, nd laws initiated and carried out by the people you vote for and see who has benefited.

[@staceygodley]

Insurance is definitely a scam! But we should also look into these utility companies that benefit, as well. I live in Houston and Hurricane Beryl did a number on this entire area. I got the standard $750 from FEMA, but the electric company refused to give me any adjustments on my following bill. In fact, my next bill was $748, so they got that FEMA money right back! No accountability, no prorated adjustments for the 6 days I was without power! Something has got to change!

[@Morningstar6769]

Disgusting

[@thepeopleunderthetrees6318]

If a home owner falsified a document to get a higher payout that person would be sitting in prison. It's time these insurers see the inside of a cell.

[@CO-OPNEWS-wn9us]

Build on a beach what do you expect

[@RoseanneSeason7]

The weather wasn't as bad back in those days these houses were built

[@DarqJestor]

You expect there are risks. That's why you buy insurance. But it looks like we need insurance against fraudulent insurance companies.

[@maxman-357]

I expect my policy to be honored if you wrote it. 🫤

[@stevecooper2873]

@@RoseanneSeason7 Simply not true. It is just a roll of the dice WHEN a significant storm will hit a specific area.

[@abelincoln3261]

Read your policies read that fine print... Insurance does not say it replaces at current or recent value... no policy says that.. read them..

[@jasjas-rm9kc]

Pay your homeowner's insurance and, if there's a claim and if you're lucky, you might get some portion of a fair settlement. They do everything in the book to stonewall the process. That seems to be their business model.

[@KRAMITDFROG]

This isn't covered by Homeowners' insurance. This is the NFIP, which is a federal program.

[@KRAMITDFROG]

This isn't covered by Homeowners' insurance. This is a federal program. It seems that when I mention it by name my comments disappear.

[@gregthomas2448]

Nobody forces people to live near the beach. Enough already.

[@danamarie8718]

Nobody forces insurance companies to write policies on houses at the beach. If they choose to do so, they cannot collect premiums and then commit fraud in order to not pay on a claim.

[@kurtisbiggins4594]

I like the new head a Fema. He seems real

[@stanmarcusgtv]

The FEMA guy lasted a matter of weeks "Additionally, his resignation comes just 24 hours before he “was to testify during a Congressional hearing into the alleged systemic flood insurance fraud that was revealed in the weeks and months and Sandy.” coverup anybody?

[@robertwalker5521]

HA! He is a Gummint employee. You trust HIM??

[@stphkp889]

We lost our home in Crystal River Florida in hurricane hermine in 2016. After fighting with FEMA for 18 months we settled for about $96000 on our home which was a total loss. We received about $80000 in contents which was the max for the policy. We had at least double that in contents. This was during Obama and it was clear that the underwriter was instructed to give as little as possible. We ended up bulldozing the house and selling the lot. A very unhappy and clearly -reengineered outcome for the government insurance. Caveat emptor. Middle finger to the government and their minions.

[@1927su]

He who has flood insurance better make sure it’s written in stone .. smh Guess ya gotta hire your own independent engineer with a Lawyer present?? Smh . Those insurance companies should be paying up!!!

[@juliusbishop3629]

Good luck getting Garland to do anything.

[@NETWizzJbirk]

Bob cable who took a picture of his report was accused of stealing his report in court! This is how low our government goes, the attorneys go, the courts go, and the insurance companies. The victim of the storm is the one who is in trouble for having an honest report.

[@brianmack3665]

Missed the point, the private sector used federal funds to rip off the insured. The private companies are padding their profits by denying valid claims. If you think this is bad you have to look into for profit hospitals.

[@SqueeGie-ol2ju]

God bless ❤️🙏🏽 that man for boarding that plane, i know he changed so many lives

[@JoseFernandez-cp3cv]

The insurance are scammer I watched this Long time ago from 250000 promised from the insurance.they were paid 90000 not even a half of the promised from The insurance (totally. . fraud)

[@couponuser]

I read that the National Flood Program is nearly broke, with $20 billion in debt. The new FEMA head said they can’t do much because there isn’t enough money to take insurance companies to court, and the insurers know this. Flood insurance premiums often exceed $2,000 a year, but a single claim over $250,000 can wipe out years of revenue. If a company faces multiple claims, it could go bankrupt. Many insurance carriers don’t seem financially stable, and that’s why this is happening.

[@jamescrowley2733]

Should not build on the shore and expect the rest of us to subsidize their insurance needs. They chose to live at the beach, a very recent development BTW.

[@alejandronopasanada5302]

We have more and more videos of houses on stilts floating away.

[@peggypasson8794]

They had insurance ? No one expects anyone but insurance to pay .

[@mariaansley1519]

The insurance company agreed to the contract. If they thought it was a bad deal, it's on them.

[@JRDracoKingz]

HELLO FLORIDA!! This is exactly what is happening in FL as we speak.

[@neilkurzman4907]

Well, hopefully a few people end up in jail as a warning to everyone else.

[@candicelleras1845]

Lawyer you are a savior!

[@Playboy55290]

Prayers for any and everyone reading this message ! 🙏🙏🙏🙏🙏🙏

[@MarsMellow84]

Whatever makes you feel better dude 😂

[@thomashoang1820]

Thank you 60 minutes. Real Journalism is back.

[@snieves4]

Welcome to Florida

[@monicaperez2843]

Also the land of sinkholes . . .

[@stanmarcusgtv]

this story is about NY, and the Fed gov, not FL

[@Aneal750]

My problem is how long ago was Sandy? 10 years ago and people are now just getting their day in court.