Flood insurance reforms News

Some in Congress Question Trump Flood Insurance, Disaster Aid Reforms

The Trump administration’s proposed $12 billion initiative to reduce future flood damage met with skepticism in Congress, as lawmakers warned against diverting emergency funding away from hurricane survivors. “We’ve got folks who are suffering,” said Mario Diaz-Balart, a Republican congressman …

Coalition Urges Modernization of National Flood Insurance Program

A U.S. flood insurance program that is drowning in billions of dollars in debt can be modernized to bolster its finances while curbing the public’s exposure to flood risks, a national coalition said in a reform proposal unveiled on Wednesday. …

Insurance, Tax, Climate Groups Hit Possible Delay in Flood Insurance Changes

The prospect of a delay in flood insurance reforms that are raising premiums for many homeowners is being met with pushback from business, taxpayer and insurance groups. Rep. Maxine Waters, D-Calif., ranking member of the House Financial Services Committee, announced …

Bipartisan Deal Reached to Delay Flood Insurance Premium Hikes: Waters

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 …

Bill to Delay Flood Insurance Rate Hikes Stymied by Shutdown Politics

A bipartisan proposal to delay federal flood insurance rate hikes that took effect Tuesday is being stymied by a bitter congressional dispute over President Barack Obama’s signature health care law, Sen. Bill Nelson said. Nelson, D-Fla., along with U.S. Sens. …

Alabama Coastal Residents Bracing for Major Flood Insurance Increases

Flood maps aren’t due out for Alabama until next December, but the specter of rising flood insurance premiums is undeniable. Congress, seeking to undo the damage done to the National Flood Insurance Program after 2005, changed the policy to impose …