A vote to delay flood-insurance rate hikes for up to four years will likely be delayed as the Senate decided to take up other issues.

The vote on a motion to proceed was supposed to be held Wednesday, however an industry lobbyist said late Tuesday that the procedural vote is likely to be delayed until later in the week because the Senate today surprisingly cleared for floor action legislation to extend long-term unemployment insurance for three months and is now engaged in a lengthy debate.

The flood bill is the Homeowner Flood Insurance Affordability Act, S. 1846.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.