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