FEMA lets insurance companies off hook,wastes millions on hurricane claims

Consider it a case of good taxpayer dollars literally being blown away: The Federal Emergency Management Agency spent more than $177 million on hurricane repairs in Florida that should have been paid by private insurance, a new watchdog report has found. In response to hotline complaints from whistleblowers, the Department of Homeland Security's inspector general conducted an audit and concluded that FEMA not only overpaid for 2004-2005 hurricane damage in Florida, it also left the government liable for another $1 billion in future disaster costs due to lax insurance reviews.



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