Florida, Louisiana and Massachusetts are all taking steps to help residents in coastal areas deal with potential huge increases in flood insurance premiums.
In Florida, Insurance Commissioner Kevin McCarty says he will issue a "set of simple guidelines" aimed at making it easier for homeowners insurance carriers to underwrite primary flood insurance in the state.
McCarty is acting because of concerns by city and state officials as well as Realtors that the rate hikes mandated under the Bigger-Waters act will undermine the nascent surge in home prices in Florida.
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