Welcome

Thank you for visiting paducahsun.com, the online home of The Paducah Sun.

Calendar
June 2012
S M T W T F S
27 28 29 30 31 01 02

Click here to submit an event.

Senate acts to delay flood insurance hikes

Associated Press

WASHINGTON - Bipartisan legislation that would delay flood insurance premium hikes for hundreds of thousands of people living in coastal and low-lying areas cleared its first hurdle in the Senate on Monday.

The 86-13 vote demonstrated that the measure had filibuster-proof support in the chamber, which was likely to pass it in a few days.

The legislation would delay for up to four years premium increases set to phase in next year on homeowners facing whopping premium increases under new flood maps and would allow homeowners with subsidized insurance policies to pass them on to people who buy their homes.

The higher premiums were the result of changes made to the federal flood insurance program less than two years ago - widely praised as long-overdue reforms of the program - that were designed to make it more financially stable and bring insurance rates more in line with the real risk of flooding.

The White House Monday evening issued an official policy statement that failed to endorse the legislation. "Delaying implementation of these reforms would further erode" the program's financial position, the statement said. But it urged relief for economically distressed policyholders.

Comments made about this article - 0 Total

Comment on this article

Your comment has been submitted for approval
captcha 8d25ca10d4e6405bba4a49dd4c022380
Top Classifieds
  • Cocker Spaniel Pup - AKC (270)476-258 ... Details
  • PILLOW TOPmattress sets NEW in plasti ... Details
  • Cash for farms & gold (270)339-8 ... Details
  • RUNNING, fixable, junk vehicles, equi ... Details
  • Huge Genuine Dark Brown Leather Secti ... Details
  • Gehl 1075 Pull Type Silage ChopperGeh ... Details
  • 4010 Maxon Rd. 1.33 Acres, 4 BD. 3.5 ... Details
  • 185 AC. ESTATE Rolling hills, l ... Details
  • SEEING is believing! Don't buy p ... Details
  • 1024 Yarbro Ln-2BR,1B,LR NEW Kitchen/ ... Details
  • 2000 Dutchman 20 ft Pop-up Camper. Ve ... Details
  • 2011 Harley Davidson Ultra Classic Tr ... Details
  • 49 CC Yamaha Zuma, 49 CC Yamaha Bino8 ... Details
This Week In Photos
Most Popular
  1. Young inmates to be housed in single jail
  2. Single-vehicle rollover on Woodville hurts 1
  3. City may get $30 million retail project
  1. City may get $30 million retail project
  2. Officials react to clerk's arrest
  3. McCracken District Court
  1. Young inmates to be housed in single jail
  2. Single-vehicle rollover on Woodville hurts 1
  3. City may get $30 million retail project
Discussion

Check out these recently discussed stories and voice your opinion...