In a time when bipartisanship appears to be fleeting, both parties have unveiled legislation designed to delay the National Flood Insurance Program(NFIP) rate hikes mandated under the Biggert-Waters Flood Insurance Reform Act of 2012.
In May 2013, Senator Mary Landrieu, D-LA, introduced a Senate bill delaying the rate hikes. However, the legislation which has been unveiled and will soon be introduced, appears to be a coordinated effort on the part of members of both parties in both chambers. On key sponsor in the …
Continue Reading