flood insurance premiums News

Legislators Propose Stretching Out NFIP Rate Hike Timeline to Assist Sandy Victims

A group of U.S. representatives from New York is proposing a bill that would stretch out the National Flood Insurance Program’s premium increase timeline. On Monday, U.S. Reps. Michael G. Grimm (R-N.Y.), Gregory Meeks (D-N.Y.), Charles B. Rangel (D-N.Y.), Eliot …

FEMA to Give Partial Credit for Substandard Levees in Drawing Flood Zones

A levee isn’t perfect, but it exists and that should count for something when deciding if a property is at risk for flooding. That’s the position of the Federal Emergency Management Agency in a new proposal that would break from …