Congress is apparently determined to allow increases in flood insurance premiums imposed by a 2012 National Flood Insurance Program reauthorization law.
In so doing, it is apparently ignoring the plaintive wail from flood insurance customers from Mississippi to Vermont and their legislators, who say the rate hikes will have fearsome economic consequences—perhaps a fresh wave of foreclosures.
Two components of the multi-pronged strategy emerged Sept. 11 in Washington.
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