West Virginia legislative leaders plan to talk to members of Congress about the rising cost of flood insurance.
House Speaker Tim Miley says state residents and small business owners have been hit with “shockingly high” flood insurance costs since Congress revised the National Flood Insurance Program in 2012. The changes were intended to bolster the program, which state officials say is deeply in debt after Superstorm Sandy and Hurricane Katrina.
Del. Randy Swartzmiller of Hancock says many residents of low-risk inland areas are being hit with big premium increases to compensate for losses in coastline areas. He says that simply isn’t fair.
The Weirton Daily Times reports that lawmakers also plan to introduce a resolution shedding light on the problem and asking Congress to revisit the 2012 changes.
Was this article valuable?
Here are more articles you may enjoy.
China Bans Hidden Car Door Handles in World-First Safety Policy
FM Using AI to Elevate Claims to Deliver More Than Just Cost Savings
Why 2026 Is The Tipping Point for The Evolving Role of AI in Law and Claims
Cape Cod Faces Highest Snow Risk as New Coastal Storm Forms