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flood insurance

Residents Count The Cost Of Their Flooded Homes
Matt Cardy, Getty Images
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Flood insurance costs are spiking in New Jersey

First they were slammed by Superstorm Sandy, and now New Jersey homeowners who have flood insurance for their properties at the Jersey Shore and in other areas are about to be hit with new surcharges and rate hikes.

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U.S. Sen. Robert Menedez (D-NJ) visits the home of Doug Quinn, a Silverton resident whose home was damaged in Sandy.
U.S. Sen. Robert Menedez (D-NJ) visits the home of Doug Quinn, a Silverton resident whose home was damaged in Sandy (Ilya Hemlin, Townsquare Media NJ)
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Senator: Flood policies ‘stacked against’ homeowners

The federal flood insurance program is "stacked against" policy holders, U.S. Sen. Robert Menendez said during a Wednesday hearing with the head of FEMA.

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U.S. Sen. Robert Menedez (D-NJ) visits the home of Doug Quinn, a Silverton resident whose home was damaged in Sandy.
U.S. Sen. Robert Menedez (D-NJ) visits the home of Doug Quinn, a Silverton resident whose home was damaged in Sandy (Ilya Hemlin, Townsquare Media NJ)
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Menendez: Flood insurance program failing homeowners

Between flood insurance companies and FEMA, many Superstorm Sandy victims are still falling through the cracks, according to U.S. Sen. Robert Menendez.

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U.S. Capitol
U.S. Capitol (Mark Wilson, Getty Images)
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Senate Passes Flood Premium Easing Bill

Congress is sending President Barack Obama a bill to ease big flood insurance premium increases faced by hundreds of thousands of homeowners and allow below-market rates to be passed on to people buying homes with taxpayer-subsidized policies.

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U.S. Capitol
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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GOP Drafting Bill to Ease Flood Insurance Hikes

House GOP leaders are putting the final touches on legislation that would significantly weaken a recently enacted overhaul of the much criticized federal flood insurance program, easing many premium increases and allowing below-market rates to be passed on to people buying homes with taxpayer-subsidized policies.

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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
Joerg Koch, Getty Images
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Senate Passes Bill to Delay Flood Insurance Hikes

The Senate has easily passed a bill to delay premium hikes for years for hundreds of thousands of homeowners who buy flood insurance from the federal government.

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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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Flooding
Flickr User Wally Goebtz
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Flood Insurance Increases Vex NJ Homeowners [AUDIO]

Some homeowners could be between a proverbial rock and a hard place as they face rising premiums once federal flood insurance subsidies come to a close.

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