Some flood insurance premiums required under a 2012 law now won’t be raised until the fall of 2015 at the earliest. The Federal Emergency Management Agency (FEMA) said the $1 trillion bipartisan funding bill passed by Congress last month contains …
There is a new political wrinkle in the attempt to stave off flood insurance rate hikes across the country. The Senate has attached an industry-supported bill to streamline agent and broker licensing to its bill to delay flood insurance premium …
The Senate (72-26) yesterday joined the House of Representatives (359-67) in passing a $1.1 trillion compromise omnibus spending bill that contains a delay for an estimated one quarter of those facing flood insurance premium increases triggered by the Biggert-Waters Flood …
Senate Majority Leader Harry Reid will do just about anything to help Louisiana’s Mary Landrieu. He arranged the chamber’s floor agenda this week so Landrieu could lead debate on a flood insurance rate reprieve for homeowners in her hurricane-prone state. …
The $1.1 trillion government funding agreement unveiled by Congressional negotiators on Monday includes language to postpone for about eight months some of the flood insurance rate hikes triggered by reforms passed in 2012. But the budget language does not go …
Residents and officials in flood-prone north-central Pennsylvania are warning that a new federal law ending subsidized federal flood insurance rates in certain areas will bankrupt homeowners, drive down property values and deplete tax bases. They testified during a Wednesday hearing …
Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the House Financial Services Committee say they are standing behind last year’s bipartisan legislation to …
The prospect of a delay in flood insurance reforms that are raising premiums for many homeowners is being met with pushback from business, taxpayer and insurance groups. Rep. Maxine Waters, D-Calif., ranking member of the House Financial Services Committee, announced …
Key House and Senate members have reached a bipartisan deal to delay changes to the federal flood insurance program that are raising premiums for many homeowners. The bill would require regulators to address affordability of the coverage before implementing rate …
A bipartisan proposal to delay federal flood insurance rate hikes that took effect Tuesday is being stymied by a bitter congressional dispute over President Barack Obama’s signature health care law, Sen. Bill Nelson said. Nelson, D-Fla., along with U.S. Sens. …
