Thursday, February 19, 2015

Insurance Executive Pleads Fifth Over Altered Reports During Superstorm Sandy Hearing

Originally published by Chip Merlin .


Catastrophes breed controversies. Superstorm Sandy has a raging one involving altered engineering reports. Yesterday, Jeff Moore, a flood insurance executive with one of the largest National Flood Insurance participating insurers, pleaded the Fifth Amendment when asked questions regarding those altered reports. As reported by Christie Smyth of Bloomberg:


In November, U.S. Magistrate Judge Gary Brown said he feared there may be conflicting reports in many other flood insurance cases, and hundreds of homeowners are now searching for evidence that similar tactics were used to deny their Sandy-related claims.


In court, Brown is weighing whether to penalize Wright Flood and a law firm that represented it and other insurers. Representatives from the Metairie, Louisiana-based firm, Nielsen Carter & Treas LLC, didn’t attend the hearing, and a phone call wasn’t immediately returned.


During the proceeding, Jeff Moore, who was Wright Flood’s vice president of claims…


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Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.






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