Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

New York

hrmjustin

(71,265 posts) Sat Mar 8, 2014, 01:23 PM Mar 2014

Law will cap flood insurance hikes

Brian Tumulty

WASHINGTON — Dutchess County homeowners who are paying dramatically increased flood insurance premiums will get some relief under legislation Congress is expected to approve next week.

A measure that would cap the annual increase in National Flood Insurance Program premiums at 18 percent overwhelmingly passed the House on Tuesday and is expected to pass the Senate by the end of the week.

The House voted 306-91 to approve the measure, with Rep. Sean Maloney, D-Cold Spring, voting yes.

“I support approaching this policy more intelligently and phasing in premium increases,’’ Maloney said in an interview.

http://www.poughkeepsiejournal.com/article/20140308/NEWS01/303080018/Law-will-cap-flood-insurance-hikes?nclick_check=1

Reply to this discussion