1.31.14:Senate passes four-year flood insurance delays

February 1, 2014

Delays would “grant homeowners and businesses some relief from the huge, gargantuan – sometimes tenfold – increases in flood insurance premiums,” said Florida Democratic Sen. Bill Nelson.

In addition, many homeowners could be forced by lenders to buy flood insurance for the first time as federal officials redraw maps. Many communities are appealing early versions of the maps and say they don’t belong in high-risk zones.

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