Five years later, homeowners on the East Coast are still recovering from Superstorm Sandy. Even those with insurance are still struggling to get money to rebuild. That’s because thousands of them were systemically underpaid by their insurance companies.
U.S. Senator Kirsten Gillibrand, D-N.Y., will push bipartisan legislation to make flood insurance more affordable. The legislation comes right as the short-term flood insurance extension is set to expire in December.