Florida Reps. Introduce New Flood Insurance Legislation

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Editorial: Congress should fix flood insurance, children’s health insurance before Christmas – The National Flood Insurance. in coastal states such as Florida – which accounts for more than one-third of all federal flood insurance polices – to shoulder far too much of the burden. The House.

Florida lawmakers focus on flood insurance. – Florida representatives are turning their attention to flood insurance with a new bill and a proposition to extend a 2014 law. Rep. Patrick Murphy (D-Fla.) and Rep. Carlos Curbelo (R-Fla.) are calling for an extension of the Homeowner Flood Insurance Affordability Act, signed by President Barack Obama on March 21, 2014, which limited yearly.

House Passes Legislation to Renew Flood Insurance Program –  · The U.S. House of Representatives yesterday passed legislation, the 21 Century Flood Reform Act, H.R. 2874, to reauthorize and reform the National Flood Insurance Program (NFIP).NFIP’s authorization is set to expire on December 9. As currently written, H.R. 2874 reflects a compromise negotiated between House Financial Services committee chair jeb hensarling (R-TX) and House.

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Bills launched in House, Senate encourage private flood. – U.S. Reps. Dennis Ross (R-FL) and Kathy Castor (D-FL) reintroduced this week the Flood Insurance Market Parity and Modernization Act, which encourages the development of a private flood insurance market, overseen by state regulators. Currently, property owners can purchase National Flood Insurance Program (NFIP) insurance through the federal government.

Rubio, Posey Introduce Legislation to Improve Flood Hazard. – This will allow Floridians, and others who utilize NFIP, to have the most accurate data for flood hazard identification. Congressman Bill Posey (R-FL) is reintroducing companion legislation in the House of Representatives.

House rejects Democratic proposal for quick vote on Senate-passed bill delaying flood insurance hikes – will introduce a new flood insurance proposal. rep. Michael Grimm, R-N.Y., is lead sponsor of the legislation that passed the Senate last week. It would delay most of the premium increases resulting.

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2 years later, Congress poised to undo flood insurance law – The federal flood insurance program is now some $24 billion in the red, mostly because of huge losses from Sandy and Hurricane Katrina. The 2012 law required extensive updating of the flood maps used.

Statutes & Constitution :View Statutes – Florida Legislature – 627.715 Flood insurance. – An authorized insurer may issue an insurance policy, contract, or endorsement providing personal lines residential coverage for the peril of flood or excess coverage for the peril of flood on any structure or the contents of personal property contained therein, subject to this section.

Private Insurers Cautiously Dip Toes Into Florida Flood Market Waters – At least nine Florida-based insurers now hold a flood certification from the Florida Office of insurance regulation (oir), and several other private insurers offer some form of flood insurance as well.