New Jersey SCR85 urges Congress and the President to increase federal flood insurance subsidies.

New Jersey SCR85 urges Congress and the President to increase subsidies for federal flood insurance, particularly for property owners who have suffered frequent losses. The resolution highlights the need for increased subsidies to decrease premiums for homeowners in flood-prone areas, especially those affected by Hurricane Sandy. It also notes the disparity in federal relief response times for Hurricane Sandy victims compared to other recent disasters. The resolution aims to address the financial burden on New Jersey homeowners due to potential increases in flood insurance premiums.

New Jersey SCR85 urges Congress and the President to increase federal flood insurance subsidies.

New Jersey SCR85 urges Congress and the President to increase subsidies for federal flood insurance, particularly for property owners who have suffered frequent losses. The resolution highlights the need for increased subsidies to decrease premiums for homeowners in flood-prone areas, especially those affected by Hurricane Sandy. It also notes the disparity in federal relief response times for Hurricane Sandy victims compared to other recent disasters. The resolution aims to address the financial burden on New Jersey homeowners due to potential increases in flood insurance premiums.