By Timothy P. Carney | 03/06/14 03:47 PM
Flood insurance in the U.S. is basically a government affair, which means it isn't really run like a business. That is, taxpayers backstop it, and insurance plans have not been priced according to risk. In 2012, Congress passed a reform that would try to limit taxpayer exposure by pricing...
03/05/14 04:00 AM
WASHINGTON (AP) — Less than two years after Congress approved a landmark bill to overhaul the federal flood insurance program, lawmakers are poised to undo many of the changes after homeowners in flood-prone areas complained about sharp increases in premiums. The House overwhelmingly passed a...
03/04/14 07:45 PM
WASHINGTON (AP) — The House approved legislation Tuesday night to roll back a recently enacted overhaul of the federal flood insurance program, after homeowners in flood-prone areas complained about sharp premium increases. The bill would allow sellers to pass along their subsidized,...
By Susan Ferrechio | 02/26/14 12:29 PM
The House has postponed until at least next week a vote on a flood insurance bill that would have halted rate hike increases for many homeowners in flood hazard zones.
By Susan Ferrechio | 02/24/14 04:16 PM
So much for reforming the nation's bankrupt flood insurance program. House Republican leaders have scheduled a vote this week on legislation that would halt most insurance premium increases called for under a 2012 law intended to bolster the significantly underfunded National Flood Insurance...
02/20/14 05:30 PM
WASHINGTON (AP) — House GOP leaders are putting the final touches on legislation that would significantly weaken a recently enacted overhaul of the much criticized federal flood insurance program, easing many premium increases and allowing below-market rates to be passed on to people buying...
02/18/14 09:19 AM
An analysis of federal records by NBC News has found that wealthy beach dwellers stand to be bailed out by taxpayers the next time a destructive hurricane, tsunami or tropical storm hits, thanks to the Federal Emergency Management Agency's altered flood maps.
By Andrew Taylor | 02/13/14 08:17 AM
Rep. Eric Cantor, R-Va., says the GOP-controlled chamber will vote later this month to ease some of the flood insurance premium increases hitting both coastal homeowners and people in inland flood zone.
By Zack Colman | 01/30/14 03:36 PM
The measure passed 67-32, with 14 Republicans crossing the aisle to vote in favor and Sen. Tom Carper, D-Del., the lone opposing Democrat. But whether that's the "strong" number Democrats were seeking to coax House Republicans into putting the bill on the floor remains to be seen.
By Zack Colman | 01/28/14 06:33 AM
The Senate is set to take up a Democrat-backed measure that would delay increases for some federal flood insurance rates, though some Republicans are lining up behind an amendment that would gradually phase in the changes. At issue are scheduled increases to premiums paid through the Federal...
By Susan Ferrechio | 01/27/14 06:26 AM
With Congress this week focused on President Obama's State of the Union address scheduled for Tuesday, a light agenda in both the House and Senate will focus on taxpayer funding for abortion, legislation to prevent flood insurance hikes and a long-awaited deal on a farm bill.
By Joel Gehrke | 03/08/14
By Paul Bedard | 03/09/14
By Joel Gehrke | 03/08/14
By Philip Klein | 03/06/14
By Richard Pollock | 03/07/14