Fla. Gov, NAMIC Jump Into Flood Insurance Rate Fight
By Bibeka Shrestha
Law360, New York (September 18, 2013, 3:16 PM EDT) -- The debate over planned rate hikes on flood insurance intensified Tuesday as Florida Gov. Rick Scott pressed the state's U.S. senators to support a bill to delay the increased premiums by a year, while an insurance trade group urged U.S. House and Senate leaders to oppose any rollbacks of flood insurance reform.
The House has already passed an amendment to the Biggert-Waters Flood Insurance Reform Act that would put off for a year rate increases that critics say are astronomical, but that supporters say are actuarially...