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2014 March - Flood Insurance Consumer Information

Flood Insurance Consumer Information

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Entries for March, 2014

Jeffco homeowners vexed by new flood-map spurred insurance spikes

Jeffco homeowners vexed by new flood-map spurred insurance spikesNews from Denver Post: Redrawn flood maps for Jefferson County, issued last month, have put some residents in deeper water financially. Dennis DeLeon, who lives in east Lakewood, must take out flood insurance on the home he has owned since 1997 by the end of March, but [...]

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Flood insurance rates 20 percent high and rising

Flood insurance rates 20 percent high and risingNews from Beckley Register-Herald: With the expiration of government subsidies on flood insurance come higher rates for state residents, who now have to cope with the increase, as well as a potential flooding threat. Last week, President Barack Obama signed the Homeowner Flood Insurance Affordability Act into law. [...]

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Florida Senate passes bill to launch private flood insurance option

Florida Senate passes bill to launch private flood insurance optionNews from Tampabay.com: TALLAHASSEE — Homeowners could have more flood insurance options than the federally subsidized national program under a measure unanimously passed by the Florida Senate on Wednesday that is designed to encourage private insurance companies to enter the market. Florida lawmakers take first step [...]

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President Obama Signs Flood Insurance Relief Bill

President Obama Signs Flood Insurance Relief BillNews from Insurance Journal: Homeowners living in flood-prone areas are getting relief from big spikes in insurance costs under legislation President Barack Obama signed into law last Friday. Lawmakers from both parties supported the measure in response to angry homeowners who faced sharp premium hikes after an overhaul of [...]

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Fla. lawmakers consider flood insurance changes

Fla. lawmakers consider flood insurance changesNews from Local 10: MIAMI – The Florida Legislature is moving forward on a plan to entice private insurance companies to sell flood policies in the state that’s the most vulnerable to storm surge. It’s not clear, though, that many private insurers will want to assume the risks of flooding [...]

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Obama Signs Relief From Flood Insurance Hike

Obama Signs Relief From Flood Insurance HikeNews from ABC News: Homeowners living in flood-prone areas are getting relief from big spikes in insurance costs under legislation President Barack Obama signed into law Friday. Lawmakers from both parties supported the measure in response to angry homeowners who faced sharp premium hikes after an overhaul of the [...]

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Flood insurance hikes on hold

Flood insurance hikes on holdNews from for now – Cincinnati.com: James Pilcher, AP 6:35 a.m. EDT March 21, 2014 Rate increases on insurance that protects against floods will hold off for three years. (Photo: Enquirer file ) Story Highlights A pending law reverses reforms of the U.S. flood insurance program Changes stirred anxiety among many [...]

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West Bank levee board could join state coalition seeking revisions in flood …

West Bank levee board could join state coalition seeking revisions in flood …News from The Times-Picayune: If homeowners walk away from their properties because of skyrocketing flood insurance, the tax base would vanish along with the money necessary to maintain 100 miles of hurricane protection. That is why the West Bank levee board is considering [...]

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Why Did Congress Just Sink Flood Insurance Reform? (Op-Ed)

Why Did Congress Just Sink Flood Insurance Reform? (Op-Ed)News from LiveScience.com: Debris in Jamestown, Colo., after flooding created landslides in the mountain town.Credit: Heidi Koontz, USGS Elliott Negin is the director of news and commentary at the Union of Concerned Scientists (UCS). This article is adapted from a piece that appeared on the Huffington Post. [...]

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Bill blocking large flood insurance premium increases sent to White House

Bill blocking large flood insurance premium increases sent to White HouseNews from The Times-Picayune: WASHINGTON — Legislation limiting flood insurance premium increases to no more than 18 percent a year was delivered to the White House Tuesday. All indications are that the bill, which won final congressional approval last week, will be signed into law [...]

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