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Effectiveness of new flood insurance bill questioned

Posted: Wednesday, Apr 2nd, 2014




LINCOLN COUNTY New federal legislation has been approved in an effort to limit flood insurance premiums from increasing dramatically in coastal areas, but implementing the new rules may take more than a year.

President Barack Obama recently signed into law the Homeowner Flood Insurance Affordability Act, which repeals a provision in the Biggert-Waters Flood Insurance Reform Act of 2012 that had led to premium increases of tenfold in some instances, including in Lincoln County.



For the complete article see the 04-02-2014 issue.

Click here to purchase an electronic version of the 04-02-2014 paper.


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