Homeowner Flood Insurance Affordability Act of 2013 News

New Flood Insurance Law Only Slows Rate Hike for 14K Conn. Property Owners

Stephen Nelson and Mary Anne Mayo are still struggling with the destruction from Superstorm Sandy, nearly 18 months after it swept through their Westport, Conn., home, taking their first-floor belongings into the Saugatuck River. The couple, relying on federal flood …

In Virginia, Over 20K People May See Flood Insurance Rate Hikes of Up to 25%

More than 20,000 Virginia homeowners and businesses could see their rates for flood insurance rise up to 25 percent as part of an attempt to put the troubled National Flood Insurance Program back on sound financial footing, potentially socking many …

In New Jersey, Rising Flood Insurance Costs Not Just a Shore Worry

If flooding were a real concern for Taylor Rambo in Burlington City, N.J., he says he wouldn’t have built a bar in his basement. Yet he pays about $2,700 each year for flood insurance that he is required to have …

President Obama Signs Flood Insurance Relief Bill

Homeowners living in flood-prone areas are getting relief from big spikes in insurance costs under legislation President Barack Obama signed into law last Friday. Lawmakers from both parties supported the measure in response to angry homeowners who faced sharp premium …

Jersey Shore Residents Hail Passage of Flood Insurance Relief Bill

Sue Suebelka, who had little fish swimming among the shelves of her new refrigerator, won’t have to pay quite as much for flood insurance. Kim Ely, who still washes dishes in a bucket and eats dinner from a microwave in …