The U.S. House of Representatives Tuesday evening passed legislation to curb some of the premium increases in the nation’s flood insurance program that have been causing “sticker shock” for property owners. H.R. 3370, the Homeowner Flood Insurance Affordability Act, sponsored …
House GOP leaders last week put the final touches on legislation that would significantly water down a recently enacted overhaul of the much criticized federal flood insurance program, easing many premium increases and allowing below-market rates to be passed on …
Yesterday the National League of Cities joined the Florida League of Cities, Florida Association of Counties and others in meetings with White House officials and members of Congress to urge a halt to flood insurance premium increases prompted by a …
The effort to delay huge increases in insurance premiums for homeowners in flood-prone areas faces a skeptical House chairman who is largely standing behind the changes Congress oversaw in the nation’s flood insurance program less than two years ago. Rep. …
U.S. Rep. William Keating, D-Mass., is calling for swift passage of a flood insurance bill in the House that would give hundreds of thousands of homeowners a reprieve from higher flood insurance premiums. The Democrat said there’s no reason why …
The Obama Administration has problems with the Senate bill that would delay flood insurance premium increases and create an agent licensing registry. The bill, S.1926, was cleared for debate on a procedural vote, 86-13, Monday evening. It has more than …
The Senate voted 86-13 early Monday evening to proceed with debate on a bill to both delay some flood insurance premium increases and establish an optional national registry for insurance agent and broker licensing. That procedural vote means there could …
This week could see important Senate votes on a bill on the federal flood insurance program that is linked with an agent and broker licensing measure, as well House approval of a farm bill that includes crop insurance and food …
New technologies and a better understanding of flood risk may have increased private insurers’ interest in providing flood insurance but real obstacles remain to the private sector getting involved. The obstacles include political and consumer resistance to full cost-based pricing …
