GOP drafting bill to ease flood insurance hikes – WSJ.com

Another piece of legislation in the maze of proposals to modify the flood insurance rate hikes that have started to take effect. This one includes phasing in cost increases on resales, which was not part of the Senate passed legislation or the other pending House legislation. In addition, this includes a surcharge being placed on the insurance payments of those properties already paying their true risk insurance costs to cover other shortfalls in the flood insurance program.

GOP drafting bill to ease flood insurance hikes – WSJ.com.

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