Editorial from The Ledger:
The death and devastation recently visited upon the other side of the Gulf of Mexico served up a poignant reminder of how treacherous flash floods can be. Heavy storms and high waters killed at least seven people in Houston last month and caused at least $5 billion in damage. Houston's woes are simply the latest in a string of flood-related tragedies that hit the country in recent months.
The Tampa Bay Times reports:
Nearly 2 million Floridians depend on the National Flood Insurance Program for their flood insurance coverage, accounting for nearly 40 percent of all policies issued by the federal program nationwide.
However, a dire situation has been building for years and may soon reach a tipping point. Due to decades of underpricing its policies and a deluge of...
A new bill, H.R. 2109 or Flood Insurance Market Parity and Modernization Act, which passed today in the House of Representatives by a vote of 419 to zero, seeks to alleviate the problem. The measure aims to encourage regulation of flood insurance be left to states.
"This bill is a win-win for Florida families, giving them more options for flood insurance coverage and bringing down the cost of...