Menendez, Booker Announce Nearly $8M to Buyout, Elevate Flood-Prone Homes in Wayne, Cranford - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 5, 2019 Newswires
Share
Share
Post
Email

Menendez, Booker Announce Nearly $8M to Buyout, Elevate Flood-Prone Homes in Wayne, Cranford

Targeted News Service (Press Releases)

WASHINGTON, March 4 -- The office of Sen. Robert Menendez, D-New Jersey, issued the following news release:

U.S. Senators Bob Menendez and Cory Booker today announced a total of $7,913,813.33 in federal funding from the Federal Emergency Management Agency (FEMA) to support flood resiliency and mitigation projects in Passaic and Union Counties.

"It is absolutely critical that we take proactive steps to protect our communities and vital infrastructure from the threat of future storms and flooding," said Sen. Menendez. "Voluntary buyouts and elevations of flood-prone properties are elements of a broader mitigation and storm resiliency effort to ensure New Jersey and its residents are stronger and better prepared for the next storm. Through sensible mitigation efforts we can save lives, protect families, protect homes and commercial properties, and safeguard entire communities."

"These federal investments are critical to addressing the dangers of flood hazards brought on by severe weather events," said Sen. Booker. "Unfortunately, too many New Jersey communities are vulnerable to repeated flooding, but I am grateful that Cranford and Wayne will get the necessary resources to protect life and property."

- $6,245,250 will be used to acquire and demolish 23 flood-prone homes in Wayne. Once sites are purchased, demolished and restored, the land will be maintained by the Township as open space.

- $1,668,563.33 will be used to elevate six flood-prone homes in Cranford. The properties will be elevated to at least two-feet above the Base Flood Elevation (BFE).

Last Congress, Sen. Menendez introduced a long term, six-year reauthorization of the Sustainable, Affordable, Fair, and Efficient National Flood Insurance Program Act (SAFE NFIP). This bipartisan legislation addresses the lessons learned after Superstorm Sandy to correct the systemic problems within the NFIP, while reframing our nation's disaster paradigm to invest more in prevention and mitigation in order to spare the high cost of rebuilding after flood disasters.

Older

Ignyte Assurance Platform Awarded GOLD Winner for Risk Management

Newer

Short-Term Health Insurance Attractive to Older Consumers: Survey

Advisor News

  • Study asks: How do different generations approach retirement?
  • LTC: A critical component of retirement planning
  • Middle-class households face worsening cost pressures
  • Metlife study finds less than half of US workforce holistically healthy
  • Invigorating client relationships with AI coaching
More Advisor News

Annuity News

  • Crypto meets annuities: what to know about bitcoin-linked FIAs
  • Trademark Application for “EMPOWER MY WEALTH” Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
  • Conning says insurers’ success in 2026 will depend on ‘strategic adaptation’
  • The structural rise of structured products
  • How next-gen pricing tech can help insurers offer better annuity products
More Annuity News

Health/Employee Benefits News

  • RISING EMPLOYER-SPONSORED HEALTH INSURANCE RATES
  • New Managed Care Study Findings Have Been Reported by G. Martin Reinhart and Co-Researchers (Psychiatric Medication Prescribing by Nurse Practitioners and Physician Associates for Medicare Beneficiaries): Managed Care
  • Data on Managed Care Reported by Researchers at American Dental Association (Early association of expanded Medicare dental benefits to dentist billing in Medicare): Managed Care
  • Researchers to study universal health care, as Coloradans face $1 billion in medical debt
  • Veteran speaks out on veterans mail-order drug bill
More Health/Employee Benefits News

Life Insurance News

  • National Life Group Selects FINEOS AdminSuite to Transform Living Benefit and Life Insurance Claims Operations
  • Securian Financial Promotes Kent Peterson to Senior Vice President for Institutional Retirement Solutions
  • Lincoln Financial Announces Launch of Lincoln WealthProtector℠ IUL, Strengthening Its Elite IUL Portfolio With a New Protection‑Focused Solution
  • Conning says insurers’ success in 2026 will depend on ‘strategic adaptation’
  • Bermuda tightens reinsurance regs, sees a decline in new entrants
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

LIMRA’s Distribution and Marketing Conference
Attend the premier event for industry sales and marketing professionals

Get up to 1,000 turning 65 leads
Access your leads, plus engagement results most agents don’t see.

What if Your FIA Cap Didn’t Reset?
CapLock™ removes annual cap resets for clearer planning and fewer surprises.

Press Releases

  • Hexure Launches First Fully Digital NIGO Resubmission Workflow to Accelerate Time to Issue
  • RFP #T25221
  • LIDP Named Top Digital-First Insurance Solution 2026 by Insurance CIO Outlook
  • Finseca & IAQFP Announce Unification to Strengthen Financial Planning
  • Prosperity Life Group Appoints Nick Volpe as Chief Technology Officer
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet