Summary
WASHINGTON - The federal flood insurance program, still reeling from historic losses from Hurricane Katrina, may get a helping hand from Congress.
The House voted 416-4 Tuesday to phase out subsidies on some vacation homes and commercial property and raise premiums at a faster rate. The bill also increases the amount of coverage a property owner can buy and boosts fines for mortgage lenders who don't tell customers they have to buy flood insurance.See the full content of this document
Extract
House Bill Bolsters Flood Insurance
The National Flood Insurance Program, a part of the Federal Emergency Management Agency, was established by Congress in 1968 to help homeowners, particu...
See the full content of this document
Sponsored links
