Posts Tagged ‘National Flood Insurance Program’

Chaney drops lawsuit against National Flood Insurance Program

JACKSON — The state of Mississippi’s lawsuit against the National Flood Insurance Program (NFIP) will be withdrawn pending the Federal Emergency Management Agency’s (FEMA) implementation of a new law passed by Congress “intended to alleviate some of the draconian rate increases facing Mississippi homeowners,” Commissioner of Insurance Mike Chaney said. Chaney and the Mississippi Insurance […] [...]

Senators push FEMA to implement flood insurance reform

WASHINGTON, D.C. — U.S. Sens. David Vitter (R-La.), Thad Cochran (R-Miss.) and John Hoeven (R-N.D.) have sent a letter to the Federal Emergency Management Agency (FEMA) Administrator Craig Fugate requesting a meeting to discuss a plan to implement the recently passed flood insurance reform law and reinstating rates as Congress intended. The senators want Fugate […] [...]

Concerns still high about possible flood insurance hikes

GREENVILLE — Henry Nathaniel has escaped the rising tide of flood insurance costs for now, but he’s still worried. The retired 70-year-old owns a 1,650-square-foot house valued at less than $50,000 on Greenville’s north side. He was already paying a relatively steep $550 a year to the National Flood Insurance Program. Then he got a […] [...]

Congress passes bill that eases flood insurance premium hikes

WASHINGTON — Less than two years after passing major legislation aimed at reforming the government’s much-criticized flood insurance program, Congress yesterday sent President Barack Obama a bill to scale back many of the resulting big flood insurance premium increases faced by hundreds of thousands of homeowners. The measure would also allow below-market insurance rates to […] [...]

Cochran ‘encouraged’ by effort to stop flood insurance reforms

WASHINGTON, D.C. – U.S. Sen. Thad Cochran (R-Miss.) says he is encouraged by the growing momentum for the Senate to consider bipartisan legislation he helped write to stop flood insurance reforms that are having unintended and harmful economic consequences throughout Mississippi and other states. Cochran met with dozens of local officials and business leaders in […] [...]

Senators want ‘immediate relief’ from flood insurance

WASHINGTON — Twenty-four U.S. senators, including both from Mississippi and both from Louisiana, have signed a letter saying they want “immediate relief” for people facing steep rate increases for coverage in the National Flood Insurance Program. The letter was sent to Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell. The rate hikes were […] [...]

Insurance Department files lawsuit; looks to block federal rate hikes

JACKSON — The Mississippi Department of Insurance filed a lawsuit yesterday against the federal government to try to block rates from increasing Oct. 1 in the National Flood Insurance Program. State Insurance Commissioner Mike Chaney said that unless something changes, some customers could see their rates rise by more than 3,000 percent because of a […] [...]

Congressman, state and local leaders talk flood insurance

GULFPORT — Calling pending flood insurance increases “drastic and draconian,” U.S. Rep. Steven Palazzo of Gulfport met today with state and local leaders to discuss ways to stem the tide of rising insurance rates that are due to kick in as early as October. Palazzo, Mississippi Insurance Commissioner Mike Chaney and David Miller, associate administrator […] [...]

Cochran backing bill to delay flood insurance premium increase

WASHINGTON — U.S. Sen. Thad Cochran (R-Miss.) is supporting legislation that would delay planned National Flood Insurance Program (NFIP) premium increases for one year. Cochran serves on the Senate Homeland Security Appropriations Subcommittee that approved legislation that would, among other things, impose a one-year prohibition on the use of any Federal Emergency Management Agency (FEMA) […] [...]

Realtors’ CEO highlights reasons for Washington rally

  Jackson Association of Realtors CEO Jo Usry and dozens of other REALTORS from Jackson and around the state took part last month in a rally in Washington to urge effective measures to address the nation’s housing crisis. Here is her account of the rally and her reasons for participating: 13, 800 Realtors from across […] [...]

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