Realtor Advice, Sales

Looks like a Delay in NFIP Premium Increases is Tabled

There had been some hope that Congress would address a delay in NFIP flood insurance rate hikes through legislation this Fall, but it now appears that this effort has run into roadblocks on both sides of the aisle. It looks like most legislatures are falling back on the belief that continued subsidies at this level place an unfair burden on taxpayers by continuing to “bail out” the flood insurance program.

We’ll do our best to keep you up-to-date with developments, so I wanted to share this article from The Insurance Journal last week.

http://www.insurancejournal.com/news/national/2013/11/21/311913.htm#.UpNZr6xYOPU.email

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s