A bipartisan group of lawmakers Tuesday unveiled legislation that would delay for about four years several changes to the federal government's flood insurance program that are threatening to sock thousands of people with unaffordable premium hikes.
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.
Hundreds of thousands of homeowners facing higher federal flood insurance premiums under reforms passed last year would win a temporary one-year reprieve under a measure that's beginning its advance through the Senate.
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.
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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