Hoboken, N.J., Mayor Dawn Zimmer told a U.S. Senate committee Hurricane Sandy caused $100 million in damages to the square-mile city across the Hudson River from Manhattan.Zimmer testified before the Senate Committee on Small Business and Entrepreneurship on Dec. 13, …
The federal government is poised to expand flood zones and push for increases in building elevations along the New Jersey coast in the wake of flooding from Hurricane Sandy. The Federal Emergency Management Agency was planning to revise flood-elevation rules …
Moss Point officials hope a city judge will set a court date in December to determine if 47 properties must comply with rules to elevate homes in flood plains. Andrew R. Beamon, who became director of the city’s building inspection …
The White House is expected in the coming days to send Congress a multibillion dollar request to fund recovery from Superstorm Sandy, which caused an estimated $71 billion in damages in New York and New Jersey. Congressional aides said there …
Some residents of New Jersey’s coastal towns may soon be required to purchase flood insurance, and not just because of the recent devastation wrought by Hurricane Sandy. By next year, the Federal Emergency Management Agency is scheduled to complete a …
More businesses are expressing interest in purchasing flood insurance coverage from the National Flood Insurance Program (NFIP) in the wake of Superstorm Sandy’s heavy rain, record storm surge, and resulting widespread flood damage, according to insurance broker Marsh. Although most …
Superstorm Sandy is threatening to drag the U.S. government’s debt-ridden flood insurance program back into the political crosshairs just months after Congress attempted to put the controversial program on a sound financial footing. It is unclear if claims from Sandy, …
Many homeowners who suffered losses because of flooding from Hurricane Sandy are likely to find themselves out of luck. Standard homeowners policies don’t cover flooding damage, and the vast majority of homeowners don’t have flood insurance. Yet it’s likely that …
Insurance experts say the costs associated with losses from superstorm Sandy in the northeast should not affect Florida homeowners. Sam Miller of the Florida Insurance Council said Tuesday that the Florida market is dominated by state-backed Citizens and local insurers …
Ratings analysts at A.M. Best Co. said that it is likely that the brunt of Hurricane Sandy’s financial impact will fall on the National Flood Insurance Program (NFIP), which is responsible for almost all flood coverage in the country. For …
