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LoBiondo Discusses Support of Flood Insurance Reforms

He supports the Homeowners Flood Insurance Affordability Act of 2013, which reverses some of the negative impact of the Biggert-Waters Act.

Frank LoBiondo spoke to the Ocean City Chamber of Commerce on Thursday. (Photo provided by Frank LoBiondo's Office)
Frank LoBiondo spoke to the Ocean City Chamber of Commerce on Thursday. (Photo provided by Frank LoBiondo's Office)
Congressman Frank LoBiondo supports reforms for the Biggert-Waters Act because it was poorly implemented following its passage in 2012, ocnjdaily.com reports.

LoBiondo supported the initial act, which called for the Federal Emergency Management Agency (FEMA), and other agencies, to make a number of changes to the way the National Flood Insurance Program (NFIP) is run.

The act required the NFIP to raise rates to reflect true flood risk, change how the Flood Insurance Rate Map Rate updates impacted policyholders and stabilize the program.

However, flood insurance subsidies for some older homes were phased out, and rates increased drastically as a result.

LoBiondo told the Ocean City Chamber of Commerce this was due to poor implementation at its luncheon on Thursday afternoon, according to ocnjdaily.com.

LoBiondo has come under fire from Bill Hughes, his potential challenger in November’s Congressional election.

LoBiondo supports the Homeowner Flood Insurance Affordability Act, which remedies some of the Biggert-Waters Act's negative impacts.

He also spoke to the Chamber at the Flanders Hotel on Thursday afternoon about beach replenishment, among other topics. For a full report on his appearance, click here.

LoBiondo is being challenged in the June 3 primary by former Absecon Board of Education member Mike Assad.

The general election is slated for Nov. 4.

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