Wednesday, October 30, 2013

Flood insurance hikes delayed |

Good news here, at least for a while, according to the Shiny Sheet. Click title for link. These changes would have broad impact on real estate in south Florida and it wise to take this delay to determine if the proposed maps are flawed or if they reflect reality. Here's what Peter Elwell, Palm Beach Town Manager says:
 “The town is very pleased to hear the announcement that implementation of these changes will be delayed,” said Town Manager Peter Elwell. “We believe that the process was being hurried and the methodology that was being used was flawed, so the fact that it was delayed gives everyone an opportunity to revisit the whole matter and make sure if the federal government does move forward with this type of change, it’s done in a more fair and thoughtful manner.”