Bankers Push for Delay of Flood Insurance Premium Hikes
Senate Banking Committee will examine the effects of the Biggert-Waters Flood Insurance Act of 2012, which eliminated grandfather clauses that prevented premiums from rising for some properties.
INN Breaking News, September 18, 2013
Lawmakers are beginning to look more closely at the impact of a hike in federal flood insurance premiums set to go into effect next month, which some bankers warn could topple the still weakened real estate market in certain regions.
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