Flood Insurance - A rising tide of concern

Created by Gary Milliken 17 Mar 2014 @ 09:17
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The Senate approved a bill to address the upcoming crisis with flood insurance rates. It unwinds some of the changes introduced by the Biggert-Waters Flood Insurance Reform Act of 2012. It is being sent to President Obama for his signature.

There are major concerns about whether this addresses the long term health of the National Flood Insurance Program. 

See the link below...

http://www.insurancejournal.com/news/national/2014/03/13/323273.htm

 

Here's an article from philly.com with some real world examples of rate impact on property owners...

http://articles.philly.com/2014-03-16/news/48269187_1_insurance-rates-in...

 

 

 

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No doubt they have over-politicized every aspect of this
Seems to me that congress is more likely to apply small patches that don't present any danger for them with their constituents.