On April 5, Representative David Rouzer (NC-07) announced introduction of H.R. 7364, the Stop Flood Insurance Rate Hikes Act in the House of Representatives. This legislation gives existing policyholders more options as FEMA announced implementation of its new National Flood Insurance Program premium rate structure last Friday. The Stop Flood Insurance Rate Hikes Act would…… read more »
Tag Archives: Flood Insurance
North Carolina Congressman Introduces Bipartisan Plans For Flood Insurance
Flooding Means Insurance Rates Could Spike For Some
(NORTH CAROLINA NEWS NETWORK) — The flooding in eastern North Carolina may be receding, but flood insurance rates could spike for many homeowners, according to a new study released by nonprofit organization First Street Foundation. Mike Causey, Insurance Commissioner for North Carolina, tells WCTI he imagines FEMA will be looking at the losses that have…… read more »
