Failure to pass the bill could mean skyrocketing premiums that could drop home values, NAFCU's Brad Thaler says.
"We have a working coast, not second or vacation homes," state insurance commissioner says.
Mississippi lacks standing to enjoin, agency says. Massachusetts AG cites "bureaucratic ostrich headedness."
Senate panel members backtracking on votes to support rate hikes in subsidized federal flood insurance program.
State insurance chief says new flood insurance rates will hit middle- and low-income homeowners hard, forcing some to walk away from their homes.
Congress is currently deflecting intense pressure to roll back virtually all the increases in flood insurance premiums imposed in 2012.
The amendment passed 281-146, and the appropriations bill was later approved by the full House and sent to the Senate.
Ranking House Financial Services Committee member, 26 others express concern to FEMA over flood insurance affordability.
House passes controversial disaster bill.