Wednesday, December 18, 2013

Keating voices optimism about flood-map bill - Quincy, MA - The Patriot Ledger

Florida is not alone when it comes to the looming flood insurance issue. Click title for link. From the article:
Biggert-Waters started phasing into effect this year with the Federal Emergency Management Agency’s release of new flood maps. Those maps expand flood plains and raise water elevations, requiring thousands more property owners to purchase flood insurance.
Officials and experts say the maps are riddled with errors and based on erroneous assumptions, and, if implemented with Biggert-Waters, could cause a financial crisis.
An effort to get a unanimous U.S. Senate vote on the relief bill failed Wednesday when a Republican senator from Kansas, Pat Rogers, objected. Rogers argued that the Senate Banking Committee should first review the bill, which would delay the law for four years.