National Flood Insurance Program News

A House subcommittee yesterday approved a bipartisan bill to reauthorize and reform the nation’s flood insurance program. The 10 Republicans and eight Democrats on the Insurance, Housing and Community Opportunity Subcommittee approved the bill on a voice vote. The legislation …

A Republican draft of legislation to reform the federal flood insurance program would renew the program for five years, phase out most rate subsidies, tie coverage limits to the rate of inflation, vary the deductible by how subsidized the premium …