By William E. Gibson, Washington Bureau
7:51 p.m. EDT, March 13, 2014
WASHINGTON — To the relief of thousands of Florida homebuyers and property owners, a steep increase in flood insurance rates will be scaled back under legislation that cleared Congress on Thursday.
The U.S. Senate overwhelmingly passed a bill already approved by the House that creates a more gradual and affordable increase in premiums. The Senate vote was 72 to 22.
With Senate passage, the bill goes to Pre... read more