Flood insurance

Not much of a ‘fix’ for flood insurance rate hikes

Not much of a ‘fix’ for flood insurance rate hikes

Stephen Nelson and Mary Anne Mayo are still struggling with the destruction from Superstorm Sandy, nearly 18 months after it swept through their Westport home, taking their first-floor belongings into the Saugatuck River. The couple, relying on federal flood insurance, has made repairs while considering major reconstruction work such as raising the house to comply […]

So much for changes in federal flood insurance program

So much for changes in federal flood insurance program

Less than two years after Congress approved a landmark bill to overhaul the federal flood insurance program, lawmakers are poised to undo many of the changes after homeowners in flood-prone areas complained about sharp increases in premiums. The House overwhelmingly passed a bill Tuesday night that would allow sellers to give their subsidized, below-market insurance […]