Groups Combat Proposed Delay In Flood Insurance Rate Hikes

Law360, New York (November 8, 2013, 5:07 PM EST) -- A coalition of 16 conservative, libertarian and taxpayer groups on Thursday urged every member of Congress to stand by the rate hikes required under a 2012 law that aimed to reform the government's flood insurance program, claiming that current premium subsidies disproportionately benefit the wealthy.

The groups' letter comes shortly after Rep. Maxine Waters, D-Calif., and other federal lawmakers unveiled a bipartisan bill to amend the Biggert-Waters Flood Insurance Reform Act so that rate increases can be put off for four years. The groups told Congress...
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