Hurricane Sandy

Menendez Pushing for Halt To Flood Insurance Rate Hikes

'Triple whammy' for Shore residents, Menendez says on U.S. Senate floor

U.S. Senator Bob Menendez threw Shore residents a virtual lifeline Thursday, delivering an address on the Senate floor where he urged colleagues to support an amendment to federal legislation that would stop flood insurance rate hikes, at least in the short term. Menendez (D-N.J.) spoke in favor of an amendment to the Water Resources Development Act which would stop flood insurance premiums from rising until FEMA completes its study on the affordability of premiums of the National Flood Insurance Program. Shore homeowners face annual flood insurance premiums of up to $31,000 a year if they do not raise their homes at a significant cost. Many homeowners who were never previously located in flood zones now find themselves being listed as …

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Hurricane Sandy

FEMA Warns Seniors: Be Wary of Scammers

Elderly residents affected by Superstorm Sandy could find themselves victims of unscrupulous contractors and scam artists.

The Federal Emergency Management Agency (FEMA) is advising seniors recovering from Superstorm Sandy to be on the lookout for scam artists claiming to represent FEMA, the Small Business Administration (SBA) or the National Flood Insurance Program (NFIP). By going door to door to storm-damaged homes or making contact by phone or on the Internet, scam artists may try to obtain personal information such as Social Security and bank account numbers or falsely claim that you need to make a payment to a federal agency. FEMA is offering residents a number of tips to ensure that they're not victims of a potential scam: On any follow-up calls, a FEMA representative will only ask for the last four digits of the applicant’s Social Security number. …

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Cartman

9:50 pm on Friday, March 22, 2013

Ummmmm, this site is not for advertising a business.   more ›

Congress Approves $9.7 Billion in Insurance Funding to Aid Sandy Victims

The U.S. House of Representatives approved an initial round of funding for the National Flood Insurance Program. Another $50 billion could come Jan. 15.

The U.S. House of Representatives approved a measure late Friday afternoon allowing the Federal Emergency Management Agency (FEMA) to borrow $9.7 billion to pay insurance claims made by victims of Hurricane Sandy. The bill, HR 41, temporarily increases the borrowing authority of FEMA to allow the agency to carry out payment claims made by property owners to the National Flood Insurance Program.  Congress moved to approve the funding stop-gap Friday after concerns were raised that aid for Sandy victims had been delayed too long. The House, specifically, Majority Speaker John Boehner, R-OH, came under fire for tabling a Sandy aid package until after the New Year.   Congress is expected to vote on two additional bills authorizing more than $…

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Skitch

7:45 pm on Wednesday, January 9, 2013

@Rick. You are incorrect. Flood policies are thru the NFIP. The private insurance carriers are servicing carriers only. They collect the premium, issue the policy, service the claims and are reimbursed by the feds for their services. The adjusters handling the flood claims are required to be certified by the NFIP. So even the carrier who wrote your policy usually do not handle your claims. They …   more ›