Flood Insurance

Sen. Robert Menendez (file/credit: Chip Somodevilla/Getty Images)

Menendez/Grimm Flood Insurance Affordability Bill Passes, Awaits President’s Signature

Congress passed a bill Thursday scaling back what had been drastic increases in flood insurance rates for many homeowners. It passed in the Senate by a vote of 72 to 22.

03/14/2014

(Photo credit: Thinkstock)

Congress Clears Bill To Ease Flood Insurance Hikes

Congress passed a bill scaling back flood insurance premium increases, allowing below-market insurance rates to be passed on to people buying homes.

03/11/2014

Sen. Charles Schumer calls on the U.S. Senate to pass the Homeowner Flood Insurance Affordability Act at a news conference on March 10, 2014 in Belle Harbor, Queens. (credit: Alex Silverman/WCBS 880)

Schumer, Rockaway Residents To Senate: Pass Flood Insurance Bill

The Homeowner Flood Insurance Affordability Act, co-sponsored by Rep. Michael Grimm, R-Staten Island, would cap yearly premium increases at 18 percent.

03/10/2014

Rep. Michael Grimm (Credit: Charles Norfleet/
Getty Images Entertainment)

New York Officials Urge U.S. Senate To Approve Homeowner Flood Insurance Affordability Act

The legislation, which is sponsored by U.S. Rep. Michael Grimm, aims to provide relief to homeowners who live in flood-prone areas.

03/08/2014

FILE -- This Staten Island home was badly flooded during Superstorm Sandy. (credit: Getty Images)

House OKs Bill Rolling Back Huge Flood Insurance Premium Hikes

The bill would allow sellers to pass along their subsidized, below-market insurance rates to new buyers and lower the limit on how much flood insurance premiums can rise each year. The measure was approved 306-91.

03/04/2014

Sen. Robert Menendez (file/credit: Chip Somodevilla/Getty Images)

Menendez’s Bill To Block Spike In Flood Insurance Premiums Passes Senate

The 67-32 vote reflects widespread alarm about changes enacted two years ago to shore up the program’s finances. In many cases the changes produced unexpected, sky-high insurance rates that are unaffordable for many homeowners in flood-prone areas.

01/30/2014

Home damaged by Sandy in Toms River, NJ Nov. 1, 2012 (Photo by Mark Wilson/Getty Images)

Toms River Mayor Signs Eminent Domain Ordinance For Dune System

Meantime, 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.

10/29/2013

Rep. Carolyn Maloney (D-NY) (Photo by Chip Somodevilla/Getty Images)

Maloney: New Yorkers Could Soon See Flood Insurance Rates Skyrocket

U.S. Reps. Carolyn Maloney and Nydia Velazquez (D-N.Y.) warned Sunday a dramatic increase that could soon be facing New Yorkers.

10/27/2013

Flooding In City Island (credit: Jay Denson)

A Year After Sandy, Many Victims Are Still Struggling To Recover

Billions of dollars in federal aid appropriated months ago by Congress have yet to reach homeowners who need that money to move on. Many have found flood insurance checks weren’t nearly enough to cover the damage.

10/26/2013

Damage from Sandy in West Islip, Long Island (credit: Harrison Knowles via Facebook)

Fast Approaching Insurance Deadline Could Trigger Flood Of Lawsuits From Sandy Victims

An insurance deadline that could limit the options for thousands of Hurricane Sandy victims is quickly approaching and that deadline could bring a flood of lawsuits.

10/22/2013

Nov. 6, 2012 (credit: Marla Diamond / WCBS 880)

FDNY Launches Fire Safety Campaign In Areas Devastated By Sandy

Meantime, nearly a year after Sandy hit, residents of the Rockaways said there is still much work to be done despite some big progress.

10/21/2013

A flooded street in Hoboken after intense rain early on May 8, 2013 (credit: Patty Royce)

Report: Some N.J. Flood Insurance Holders Will Soon Face Higher Premiums

Hundreds of New Jersey flood insurance policyholders will soon be facing higher premiums spurred by sweeping changes to the federal law that will take effect Tuesday.

09/28/2013

The Chicken or the Egg restaurant in Beach Haven, N.J. (credit: Peter Haskell / WCBS 880)

Long Beach Island Wants You Back At Its Businesses

It’s taken a lot of hard work, sweat, and money to re-open the doors of a lot of businesses impacted by superstorm Sandy.

05/23/2013

A home in Sea Bright, N.J. damaged by superstorm Sandy - Nov. 9, 2012 (credit: Tim Larsen / Governor's Office)

Stories From Main Street: Jersey Shore Residents Still Await Flood Insurance Checks

If you live on the Jersey Shore and still haven’t received a flood insurance check, you’re not alone.

03/18/2013

A home along the shore in the Rockaways ravaged by Superstorm Sandy - Nov. 2, 2012 (credit: Spencer Platt/Getty Images)

N.Y. Congresspeople: Possible Relief Ahead For Sandy Victims’ Insurance Rates

There might be some relief coming for superstorm Sandy victims who are facing skyrocketing flood insurance rates.

03/11/2013

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