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Address: 1407 Stuart Engals Blvd, Mt Pleasant, SC 29464
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Phone: (843) 763-4200
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Email: hello@mappusinsurance.com
Last night it was announced that the US House of Representatives will vote on a bill to delay some of the flood insurance reform. This is after the House Speaker, John Boehener, refused to vote on any flood delay last week.
![National Flood Insurance Program](https://www.mappusinsurance.com/wp-content/uploads/sites/270/2014/02/National-Flood-Insurance-Program-logo.jpg)
They are not planned to vote on the bill that passed in the senate just a few weeks ago, but rather write their own bill. A major difference between what the house plans to vote on and what passed in the senate is that the house bill will not delay the entire bill for 4 years but put a cap on increases in flood premiums on an annual basis, presumed to be 15% a year. Additionally, anyone affected by the rate increases already would receive full refund for increased premiums paid due to Biggert-Waters Flood Reform.
Here is a link to the full details. Property & Casualty 360 Website
More to come as it develops…