U.S. Senate Approves House Bill to Curb Flood Insurance Hikes
Mar 13, 2014
The U.S. Senate has passed the House flood insurance relief bill today, March 13, 2014, according to Insurance Journal.
The bill restores “grandfathering” of policies located in communities with new flood maps, among other provisions.
The Senate had passed its own, broader flood insurance bill (S.1926) but agreed to go along with the House version, H.R. 3370, Andrew Simpson reports.
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The Senate today went along with the House of Representatives by passing a bill to reverse flood insurance reforms and curb flood insurance increases. The Senate approved H.R. 3370, the “Homeowner Flood Insurance Affordability Act of 2013,” by Sen. Bob Menendez (D-N.J.) and Rep. Michael Grimm (R-N.Y.).
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