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Obama To Sign Relief From Flood Insurance Hikes

March 14th, 2014 by [shareaholic app="share_buttons" id="27157108"]

By Around the Web By ANDREW TAYLOR, THE ASSOCIATED PRESS WASHINGTON (AP) – President Barack Obama is set to sign into law a bipartisan bill relieving homeowners living in flood-prone neighborhoods from big increases in their insurance bills. The legislation, which cleared Congress on Thursday, reverses much of a 2012 overhaul of the government’s much-criticized flood insurance program after angry homeowners facing sharp premium hikes protested. The Senate’s 72-22 vote sent the House-drafted measure to Obama. White House officials said he’ll sign it. The bill would scale back big flood insurance premium……(read more)

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