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Investigations

GAO

On March 25, 2004, The US Senate Committee on Banking, Housing and Urban Affairs held a hearing that included matters related to Hurricane Isabel claims related problems. It was agreed at the hearing that all non-policy limits Isabel flood claims would be reviewed if a review was requested by the policyholder. In addition, it was suggested that the GAO investigate a number of issues regarding the claims handling.

Ultimately, a bill was signed into law by President Bush on June 30, 2004. The bill includes a requirement whereby the GAO must issue a report of its findings within a year.


Last Modified: 090409 1735

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