Chris Christie Wants FEMA Out Of Flood Insurance. What's Plan B?: Opinion
“The federal government has to get out of the flood insurance business,” Chris Christie told a crowd in Berkeley Township. “It’s no good at it.”
Via NJ.com:
It’s hard to think of a recent policy proposal that would have a more profound effect on more New Jerseyans than the one Gov. Chris Christie has repeatedly made in recent weeks — yet which no one really seems to have noticed.
He wants to end federal flood insurance.
New Jersey is home to 243,649 property owners who get their flood insurance through the FEMA-run National Flood Insurance Program, a number expected to grow as maps are updated, widening the flood zones where banks require coverage.
Amid widespread complaints by Hurricane Sandy victims over lower-than-expected damage settlements...