Just a year after Congress imposed significant changes in the government’s oft-criticized flood insurance program, howls of protest from homeowners facing higher premiums have coastal lawmakers pressing for delays that would preserve below-cost rates for hundreds of thousands of people …
Superstorm Sandy is threatening to drag the U.S. government’s debt-ridden flood insurance program back into the political crosshairs just months after Congress attempted to put the controversial program on a sound financial footing. It is unclear if claims from Sandy, …
Congress has approved yet another resolution to fund parts of the federal government including the nation’s flood insurance program on a short-term basis. This time the funding runs until Dec. 16. The Senate passed the short-term funding bill on Thursday …
As many property owners continue to recover from hurricane and tropical storms Irene and Lee and new storms form offshore, the U.S. Senate is taking steps to renew the federal flood insurance program. Today, the Senate Committee on Banking and …