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 a70cd7bcea4e44dc934a240c3f0a33ef
Top Classifieds
  • Adorable Yorkie Puppies. Tails & ... Details
  • Tiny Schnauzer Pups,Paper-trained 270 ... Details
  • HAVANESE PUPS AKC Home Raised, Best H ... Details
  • Downsizing Due To Health Museum Quali ... Details
  • 58 Acres of prime farm ground. On Cum ... Details
  • CONCORD AREA MCHS - 3 miles ... Details
  • SEEING is believing! Don't b ... Details
  • 1/2 acre lot Terre Verte subdivision ... Details
  • 14' JON BOAT with electric s ... Details
  • Lincoln Cartier 99' 160,690 ... Details
  • 2007 Taurus,92K mi, purchased in 2008 ... Details

Most Popular
  1. Daunted by downsizing?
  2. Homes can be both kid, adult friendly
  3. Nibbling deer serve as efficient volunteer pruning staff
  1. Olive oil company infuses healthy eating with flavors
  2. Homes can be both kid, adult friendly
  3. Daunted by downsizing?
  1. Daunted by downsizing?
  2. Homes can be both kid, adult friendly
  3. Nibbling deer serve as efficient volunteer pruning staff
Discussion

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