Flood insurance: facts, fiction
Wednesday, 21 June 2017
ERIE, Pa. – June 20, 2017 – If a flood swamps your home, will insurance cover the damage? That depends on the value of your home, the amount of water damage and whether you have a flood insurance policy. Just a couple days after a heavy storm soaked the Erie area, let’s look at some
Congress Rolls Back Flood Insurance Rate Hikes
Tuesday, 18 March 2014
Your flood insurance premiums won’t rise more than 18 percent a year under a flood insurance bill passed by Congress and on its way to President Obama. Premiums for homes located in one of the nine flood risk categories insured by the National Flood Insurance Program can rise no more than 15 percent in a
Flood Insurance Bill Wins U.S. House Passage
Friday, 07 March 2014
By Thomas Ferraro The U.S. House of Representatives, in a rare act of bipartisanship, overwhelmingly passed a bill on Tuesday to protect millions of American homeowners and businesses from dramatic increases in their flood insurance premiums. On a vote of 306-91, the Republican-led House sent the measure – the Homeowners Flood Insurance Affordability Act of
U.S. Senate approves delay in flood insurance rate hikes
Thursday, 30 January 2014
With flood insurance rates — and homeowner outrage — continuing to rise in Florida, Louisiana and other states, the Senate on Thursday passed a bill that would block parts of a law that forced the increases. The 67 to 32 vote represented a triumph of bipartisanship from a diverse coalition of states, and advocates expressed
- Published in Uncategorized
Deal In Works to Delay Flood Insurance Premium Hikes
Monday, 28 October 2013
Key House and Senate members have reached a bipartisan deal to delay changes to the federal flood insurance program that are raising premiums for many homeowners. The bill would require regulators to address affordability of the coverage before implementing rate hikes. Rep. Maxine Waters, D-Calif., ranking member of the House Financial Services Committee, announced the