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Tag Archives: Biggert-Waters Flood Insurance Reform Act

U.S. Senate passes flood insurance bill

WASHINGTON – The U.S. Senate has passed a flood insurance bill Sen. Thad Cochran (R-Miss.) helped write by a vote of 67-32. The Homeowner Flood Insurance Accountability Act (S.1926) would amend the Biggert-Waters Flood Insurance Reform Act of 2012 to give the Federal Emergency Management Agency (FEMA) time to certify its flood mapping methods and to complete an affordability study ...

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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 2012 federal law. “Today, many ...

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