Flood insurance rate hike delay voted through by Senate

flood insurance storm damage

As was predicted, the United States Senate has now given their approval to hold back the rising prices. Many states, particularly those with coastlines, have been expressing outrage from their homeowners as flood insurance rates have been threatening to skyrocket as a result of a law that would have forced the increases. However, the Senate has now passed a bill that would stop some of the law’s increase forcing elements. The flood insurance bill was passed with a vote of 67 to 32. This was a direct result of a…

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Flood insurance House vote won’t happen in 2013

flood insurance rates

This will hold off the ability for the chance to delay increases, an effort put forward by several states. The most recent efforts that were being made in order to hold off considerable flood insurance rate increases in some areas were spoiled, recently, when the House bill previously submitted by Rep. Bill Cassidy (R-Baton Rouge) was withdrawn by the representative, who said that no further action would be taken on the matter before 2014. This most recent action could make it much more challenging for other efforts that had a…

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National Flood Insurance Program reauthorization by White House to benefit home builders

Disability Insurance

Construction workers see a solid employment future with the signing of the bill. The National Flood Insurance Program’s (NFIP) signing by the White House has brought only good news to the National Association of Home Builders (NAHB) and its members, as they depend on that program for their jobs. The reauthorization of the program over the next five years and keep construction workers employed. The bill was signed with strong support from both Barbra Boxer, the Democratic leader, and Oklahoma Republican James Inhofe. According to President Obama, “This bill will…

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