Pennsylvania Senators Hear Support for Federal Flood Insurance Fix
Targeted News Service |
The joint
"Something must be done to offer relief to those who are being hit with enormous, unaffordable increases in their premiums," White said. "The hearing shed light on this important topic and I hope it will encourage our colleagues in
"Without a change to the current law, property owners across
During the hearing, those testifying discussed their experiences with BW-12, and the negative impacts should the legislation not be repealed and/or amended.
"
The hearing also provided an opportunity for local homeowners to vent their concerns with the federal law.
"If the 'unintended consequences' of the Biggert Waters Flood Insurance Reform Act are not reversed, I fear many hardworking, middle-class citizens will lose everything they have worked their entire lives for, making a choice between paying for flood insurance or their mortgage," said
Dr.
Offering perspective on the real estate market,
"
"Among Pennsylvania's 2,562 municipalities, 218 (9 percent) have a high percentage of flood insurance policyholders, 1,998 (78 percent) have less than 5 percent, and 346 (13 percent) have no policyholders," Denk said.
Denk added that, "
Others testifying at the hearing included:
For a complete list of testimony and video of the hearing, visit here (http://environmental.pasenategop.com/2014/01/08/national-flood-insurance-program/).
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