WASHINGTON – President Barack Obama put his signature on the bill many in Cape May County and other coastal areas needed to ease flood insurance premium burdens. On March 21, the president, with no fanfare, signed the bill advocated by U.S. Sen. Robert Menendez, Cory Booker and U.S. Rep. Frank LoBiondo that will cap rate hikes at 15 percent and will paves the way for refunds for those who were hit with high premiums.
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