Lautenberg Introduces Flood Insurance Amendment to Protect New Jersey Homeowners from Rate Hike

WASHINGTON, DC – June 27, 2012 – (RealEstateRama) — U.S. Senator Frank R. Lautenberg (D-NJ) is working to protect residents of more than 1,800 New Jersey homes from a major flood insurance rate hike. The Senate is currently debating a bill to reform the National Flood Insurance Program, and Senator Lautenberg has introduced amendments to maintain current premium rates for individuals in homes built before many of the federal flood maps were first drawn