Public Adjusters and Attorneys Will No Longer Be Included on FEMA Flood Claim Payment Checks

Originally published by Charles Mathis.

On October 14, 2016, the Federal Emergency Management Agency (FEMA) released Write Your Own (WYO) Bulletin W-16078 entitled, Inclusion of Law Firms on Checks Arising Out of NFIP Claims. The bulletin addressed who can be included as a payee on checks for flood claim payments—and they will no longer include public adjusters or attorneys.
The Bulletin, signed by David I. Maurstad, Assistant Administrator for Federal Insurance and Mitigation Administration, is republished in its entirety below:

Periodically, FEMA, Write Your Own (WYO) companies, and vendors acting on behalf of NFIP insurers receive requests to assign interests in claim payments to third parties, including attorneys, law firms, public adjusters, and others asserting lien interests. This bulletin clarifies FEMA’s position concerning the inclusion of attorneys, law firms, or public adjusters as co-payees or lienholders on NFIP checks. As explained below, the Assignment of Claims Act of 1940, as amended, 31…

.

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

from Texas Bar Today http://ift.tt/2gl7MoK
via Abogado Aly Website