Some in Florida are anticipating lawsuits from homeowners against real estate and insurance agents over an alleged lack of information regarding flood insurance rate hikes.
An Illinois federal lawmaker is stumping again for legislation that would stave off property owners from having to buy flood insurance in areas newly designated by the government as being at high risk.
Passed by voice vote, the measure (HR 3959) is aimed specifically at homes that predate the government's flood insurance rate map, or FIRM, and are purchased after the bill is signed into law for more
Passed by voice vote, the measure (HR 3959) is aimed specifically at homes that predate the government's flood insurance rate map, or FIRM, and are purchased after the bill is signed into law for more
WASHINGTON--Legislation calling for the phase-in of actuarial rates for flood insurance on higher-priced homes built before the National Flood Insurance Program went into effect was passed unanimously