flood insurance rate increases News

Some Western N.Y. Homeowners Grapple With Flood Damage After Canceling Insurance

Some western New York residents whose homes were damaged by a snow-swollen river this month had only recently cancelled their federal flood insurance policies because of rate increases. About 70 houses in West Seneca, just outside Buffalo, flooded when a …

Mass. Sen. Warren Launches Statewide Tour, Discusses Flood Insurance

U.S. Sen. Elizabeth Warren, D-Mass., is scheduled to participate in events across Massachusetts next week to discuss her agenda for the year and the importance of making investments that help build a strong middle class. The Democrat’s “Priorities for the …

Congressional Spending Plan Would Curb Some Flood Insurance Hikes

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 …

Key Senate Vote on Flood Insurance Rate Delay Pushed to Next Week

The U.S. Senate is expected to take a key vote soon on a bill that would delay some of the flood insurance rate hikes triggered by the Biggert-Waters Flood Insurance Reform Act of 2012. The procedural vote will determine whether …

Rising Cost of Flood Insurance Will Create Challenges for NYC: RAND

Some New York City residents may soon face sharp increases in their flood insurance premiums as a result of major changes occurring in the National Flood Insurance Program and the redrawing of flood maps that expand the areas at risk, …