A bipartisan agreement has been reached between House and Senate leaders that will delay federal flood insurance program changes that would have resulted in huge spikes in premiums for homeowners, according to CBS4 news partner the Miami Herald.
Miami-Dade County Commissioners are fighting back against large impending rate hikes for flood insurance.
The Sunshine State will back Mississippi in a lawsuit over flood insurance rates, but Florida will not file its own lawsuit.
Thousands of homeowners across Florida are set to see major increases in their flood insurance costs if the federal government doesn’t act to delay or cancel the rise in rates.
The Mississippi Department of Insurance filed a lawsuit against the federal government Friday that Floridians should pay special attention to if they own a home or may be buying a home soon.
Gov. Rick Scott is advising Sens. Bill Nelson, D-Fla., and Marco Rubio, R-Fla., that action is needed to ward off “the potential impact to Florida’s economy” of the Biggert-Waters Flood Insurance Reform Act.
As if Hurricane Sandy didn’t put homeowners through enough stress and loss, now they must fight another battle: convincing home insurers to cover the damage.
As residents of New York and New Jersey struggle to recover from Hurricane Sandy’s deadly trip through the Northeast, it may be a while before the total dollar loss is known.
Just as the National Flood Insurance Program is in the middle of a major campaign to get homeowners to join the program and protect their homes two developments are combining that could cause significant rate hikes and end a traditional break Florida insurance agents have offered potential clients.
Florida Governor Rick Scott has been put on notice that homeowners and businesses across the state will lose access to the federal Flood Insurance program if he signs a bill now on his desk which would change the way local governments issue building permits.