flood insurance premiums News

West Virginia Senate Introduces Private Flood Insurance Option

A bill that would create a private flood insurance option has been introduced in the West Virginia Senate. The sponsor is Sen. Rocky Fitzsimmons, who said federal law changes in 2012 under the Bigger-Waters Flood insurance Reform Act have caused …

Louisiana Governor Asks Congress to Stop Flood Insurance Hikes

After months largely silent on the issue, Gov. Bobby Jindal is urging congressional leaders to stop higher flood insurance premiums from hitting homeowners and businesses. Jindal sent a letter late Tuesday to the Republican and Democratic leaders of both the …

Louisiana Legislator Claims He Was Booted After Flood Vote

U.S. Rep. Bill Cassidy said Wednesday he’s been booted from a Republican leadership position because he broke with GOP leaders in his efforts to stop higher flood insurance premiums from hitting homeowners. Cassidy said he was removed from the House …

FEMA to Delay Some Flood Insurance Premium Increases

Some flood insurance premiums required under a 2012 law now won’t be raised until the fall of 2015 at the earliest. The Federal Emergency Management Agency says delays passed by Congress last month will put off higher premiums required by …

Federal Spending Bill Delays Some Flood Insurance Rate Increases

Homeowners worried that new federal flood maps will send their flood insurance premiums skyrocketing would get some short-term relief under a provision tucked into a massive government-wide funding bill. But other changes to the federal flood insurance program, including higher …

West Virginia Lawmakers Raise Flood Insurance Concerns

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 …

Homeowners Pay Higher Premiums Despite Faulty Flood Maps

Months after Carol Justice was wrongly told her home needs flood insurance, the Cornelius resident is still paying up – even though a surveyor has since determined her house is not in the flood zone. Justice is one of hundreds …

Florida Lawmakers Take up Flood Insurance Issue

Two Tampa Bay-area legislators said Tuesday that they are proposing a bill to give Florida’s homeowners relief from rising flood insurance premiums. State Sen. Jeff Brandes and Rep. Larry Ahern said during a news conference that the bill would allow …

Massachusetts Bill Seeks to Soften Flood Insurance Rules

The state attorney general and a top lawmaker have filed legislation that could soften the impact of new federal flood insurance rules on some Massachusetts homeowners. The proposal made Wednesday would tie the level of flood insurance that must be …

Flood Insurance Premiums Rising Along New Jersey Coast

Hundreds of New Jersey flood insurance policyholders will soon be facing higher premiums spurred by sweeping changes to the federal law that will take effect Tuesday. The increases stem from legislation passed in June 2012 that requires all flood insurance …