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PIA Praises New Jersey Gov. Christie’s Tough Stand on Coastal Rebuilding

PIA National is praising New Jersey Gov. Chris Christie’s decision to toughen guidelines for rebuilding following Superstorm Sandy...
January 30, 2013

PIA National is praising New Jersey Gov. Chris Christie’s decision to toughen guidelines for rebuilding following Superstorm Sandy. On Thursday, Jan. 24, Christie issued an emergency regulation aimed at helping property owners rebuild to a uniform standard throughout the state by adopting the Federal Emergency Management Agency’s Advisory Base Flood Elevation. That will force some homeowners to spend tens of thousands of dollars to raise their houses now or face steep insurance hikes in the future.

“Gov. Christie is to be commended for taking aggressive action to ensure that properties that are rebuilt after Sandy are able to better withstand future storms,” said PIA National President Andrew C. Harris. “Coastal properties and communities must be rebuilt in a manner that provides better protection from flooding. Stronger building codes will also save lives.” Harris is an insurance agent in coastal New Jersey.

“No one should rush out and rebuild until they know what the flood requirements are because the result would be extreme and immediate,” notes Harris. “Ultimately the new standards will force some homeowners to take strong mitigation steps now to avoid future losses, to assure the solvency of the National Flood Program into the future and the affordability of flood insurance for all coastal homeowners.” He added that the governor’s order gives insurers a better understanding about underwriting the risks because they now understand they will be writing wind polices for homes that are built to more stringent code.

N.J. Order Lauded, Price May Be High (National Underwriter 1/28/13)

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