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Flood Insurance

Flood Insurance

U.S. Capitol
Mark Wilson, Getty Images
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2 Years Later, Congress Poised to Undo Flood Law

Less than two years after Congress approved a landmark bill to overhaul the federal flood insurance program, lawmakers are poised to undo many of the changes after homeowners in flood-prone areas complained about sharp increases in premiums.

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Flooding from Superstorm Sandy
Flooding from Superstorm Sandy (Townsquare Media NJ)
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Flood Insurance Premiums Up In the Air [AUDIO]

While the U.S. Senate has approved a plan to delay a hike in flood insurance premiums, the measure remains stalled in the House of Representatives. This has Jersey Shore-based Superstorm Sandy victims and officials on edge.

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Flooding
John Moore, Getty Images
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Flood Insurance Hikes Delayed by Spending Bill

Homeowners worried that new federal flood maps will send their flood insurance premiums skyrocketing would get some short-term relief under a provision tucked into a massive government-wide funding bill.

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(Michael Bocchieri/Getty Images)
(Michael Bocchieri/Getty Images)
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Homeowners Could See Flood Insurance Premium Increases [AUDIO]

Flood insurance premiums could be on the rise for some homeowners living in vulnerable locations, as more changes to the National Flood Insurance Program go into effect October 1st.

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Flooding
Flickr User Wally Goebtz
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Flood Insurance Rate Hikes Coming?

New Jerseyans still trying to recover from Superstorm Sandy and the massive flooding it caused won'tt be happy to learn that National Flood Insurance Program (NFIP) rate increases are in the offing.

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Governor Chris Christie talks about the Sandy Recovery (NJ Office of Information Technology)
Governor Chris Christie talks about the Sandy Recovery (NJ Office of Information Technology)
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Federal Task Force Looks at Flood Insurance Program [AUDIO]

After hundreds of complaints by irate New Jersey homeowners who had their Sandy claims rejected, the Hurricane Sandy Rebuilding Task Force is going to review operations at the National Flood Insurance program.

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Flooding
Christopher Furlong, Getty Images
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Bill Introduced To Ease Flood Insurance Premium Hike [AUDIO]

New Jersey Congressman Frank Lobiondo unveils legislation aimed at easing the impact of a mandated Federal Flood Insurance Program premium increase on Superstorm Sandy survivors and others rebuilding after flooding in other parts of the country.

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Sandy-damaged housing
John Moore, Getty Images
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Flood Insurance Reform Could Hurt Residents, Says Senator [AUDIO]

A South Jersey State Senator is asking Congress to reconsider a flood insurance bill that could skyrocket premiums even if Sandy never occurred.

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Governor Christie in Union Beach
Governor Christie in Union Beach (Tim Larsen, Governor's Office)
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Governor Chris Christie Challenges FEMA [VIDEO]

New Jersey's vocal governor publicly blasted the National Flood Insurance Program on Tuesday, calling it "a disgrace" and "unacceptable" in the wake of Superstorm Sandy.

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Hoboken post-Sandy
Floodwater drains from a basement as residents undertake clean up operations on October 31, 2012 in Hoboken (Jeff Zelevansky, Getty Images)
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Sandy Launches Basement Debate Among Homeowners, Insurers [AUDIO]

Residents across New Jersey who suffered damage during the recent Superstorm have been learning the hard way that the definition of a basement is worth tens of thousands of dollars in insurance coverage.

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