FEMA Hearing Shows New Flood Insurance Sticker Shock
Sticker shock in the extreme. That would be understating the reaction members of Congress and their staffers exhibited as officials of the Federal Emergency Management Agency briefed them Wednesday on the impact the Biggert-Waters Act will have on flood insurance premiums going forward.
The briefing, and others held for homeowners in states as far apart as Mississippi, Florida and Vermont, are generating strong reactions from both homeowners and legislators. That is so even though 405 members of the House voted for the legislation in June 2012.