President Barack Obama signs flood insurance bill into law. (AP Photo/Charles Dharapak)
nola.com - by Bruce Alpert - March 21, 2014
WASHINGTON -- President Barack Obama Friday signed into law hard-fought legislation that will limit flood insurance premium increases to no more than 18 percent a year.
White House officials called Sen. Mary Landrieu, D-La., shortly after 1 p.m. CT to say the bill is now law.
Manuel Sanchez takes in the view of his flooded home and property on September 14, 2013 in La Salle, Colorado. Photographer: Marc Piscotty/Getty Images
businessweek.com- by James Rowley - March 4, 2014
The U.S. House passed legislation trimming premiums for government-sponsored flood insurance
The measure would limit premium increases to 18 percent per policy or 15 percent of an average of premiums in a particular flood zone.
The House bill, H.R. 3370, must be reconciled with legislation passed by the Democratic-controlled Senate that House Republican leaders said would roll back too many of the 2012 law’s changes. The Senate bill is S. 1926.
insurancejournal.com - by Andrew G. Simpson - January 7, 2014
The U.S. Senate is expected to take a key vote soon on a bill that would delay some of the flood insurance rate hikes triggered by the Biggert-Waters Flood Insurance Reform Act of 2012. . .
. . . The procedural vote on S.1846 was originally planned for Wednesday, but the Senate is still dealing with an extension of federal unemployment benefits, delaying consideration of the flood bill. U.S. Sen. Mary Landrieu (D-La.), a major advocate for the bill, told USA Today that “next week is more realistic” for any vote on the flood bill.
elitedaily.com - by Christian La Du - October 28, 2013
One year ago, the east coast was ravaged by SuperStorm Sandy, a freak occurrence combining a hurricane, Nor’easter, high tide, and a full moon, which wrought particular destruction on the tri-state area.
Although the enduring legacy of Sandy is not measured in tallies of destruction, numbers like 8.6 million homes and businesses without power, gas and water, 650,000 destroyed houses, 200,000 damaged businesses, and 286 deaths afflicted over 13 states. Approximately 50 million people felt the effects of the storm over 800 mile stretch, and an estimated $65 billion in economic damages were incurred.
The real, lasting effect of Hurricane Sandy, however, is in the radical life shifts that people forcibly underwent.
A man walks through flooded streets in Hoboken, New Jersey, after Superstorm Sandy | Emile Wamsteker/Bloomberg via Getty Images
As subsidized rates of federal flood insurance rise, property owners along the coasts get angry. But we need insurance that reflects the risks of a changing planet
time.com - by Bryan Walsh - October 1, 2013
Thousands of homeowners in flood-prone parts of the country are going to be in for a rude awakening. On Oct. 1, new changes to the National Flood Insurance Program (NFIP), which offers government-subsidized policies for households and businesses threatened by floods, mean that businesses in flood zones and homes that have been severely or repeatedly flooded will start going up 25% a year until rates reach levels that would reflect the actual risk from flooding. (Higher rates for second or vacation homes went into effect at the start of 2013.) That means that property owners in flood-prone areas who might have once been paying around $500 a year—rates that were well below what the market would charge, given the threat from flooding—will go up by thousands of dollars over the next decade.
President Barack Obama signs flood insurance bill into law. 
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