Flood insurance rate hikes News

Louisiana Joins Lawsuit to Block Flood Insurance Hike

Louisiana’s Department of Insurance has joined a lawsuit filed by Mississippi against the federal government to try to block rates from increasing Oct. 1 in the National Flood Insurance Program. Commissioner Jim Donelon said that the department had filed an …

Louisiana Lawmakers Urged to Act on Flood Insurance Rate Hikes

Louisiana lawmakers are being urged to reach out to their colleagues in other states, to draw more attention to dramatic rate increases in flood insurance costs around the nation. Don Cravins, chief of staff for U.S. Sen. Mary Landrieu, urged …

Flood Insurance Price Increases Affecting Home Sales

Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood-insurance premium would remain about the same. After reading recently about a change in the federal flood program, they checked on next year’s …

Bill to Delay Flood Insurance Rate Hikes Stymied by Shutdown Politics

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. …

Flood Insurance ‘Sticker Shock’ Hits Floridians with New, Secondary Homes

When Colin and Joyce Elston bought their Florida dream home in May, they were confident they could afford the three-bedroom, two-bathroom ranch with a pool and a backyard overlooking the Intracoastal Waterway. Now they are not so sure. The retirees …

Florida Realtors Join Call to Delay Flood Insurance Hikes

Real estate brokers have joined the chorus of those asking Congress to halt some of the changes to the nation’s flood insurance program that will raise premiums for some owners of property in flood zones. At the invitation of Florida …