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Sunday is the 5th anniversary of Katrina. As always we appreciate the kind words.
I'll also note that a State Farm employee testified in a hearing held last year they had verbal authority from the NFIP to conduct their own brand of Flood adjustments. Dave Maurstad refuted that in a deposition according to the excerpts of the sealed testimony quoted in subsequent court filings.
These confoundingly curious flood adjusting practices that lead to the defrauding of the NFIP are not unique to State Farm either. Allstate is also complicit based on the court documents available in Weiss. In that case Allstate adjusters inflated the Weiss' property claim by including fictitious furs and jewerly in order to "hit the limits".
Unfortunately the Bush administration DoJ choose to ignore these clear cut instances of large dollar frauds preferring instead to concentrate on people that stole a few thousand dollars from FEMA.
There is no indication the Obama administration, which has yet to staff the US Attorney positions in Mississippi, is much more interested in holding these large financial services companies responsible for their actions. In fact he is more likely to let them pay taxpayer funded bonuses based on what we saw at AIG, which also similarily defrauded the NFIP after Katrina.
And to think the folks in the ivory towers of government and academia actually wonder why people are so pissed off these days. Out of touch does not begin to describe it.
sop
