Congress is currently deflecting intense pressure to roll backvirtually all the increases in flood insurance premiums imposed bya 2012 National Flood Insurance Program reauthorization law thatwon strong support when it was enacted.

Amongst the opponents of the rollback are Write-Your-Owninsurance companies, who have already adjusted computer programsrate increases effective Oct. 1, per a provision in the lawimpacting second homes, businesses, and repetitive loss properties,plus the existing (pre-FIRM) properties that would lose theirgrandfathering upon resale or refinancing.

At the moment, congressional leadership is apparently supportingefforts to delay for one year premium rate increases imposed onproperties if they are remapped.