EDITORIAL: States should hold firm on lawsuit
OUR POSITION: We agreed when
Anyone who has been slapped with a requirement to add flood insurance to an already-too-high home insurance bill, has to love what
The National Flood Insurance Program oversees flood insurance in the nation. It covers about 1.4 million policies in
Some homeowners who have called
The shocking addition to a homeowner's budget is a real burden in the aftermath of Hurricane Ian and more recently Idalia, even though the impact of that hurricane here was minimal.
Ten states and local government agencies in
In the NSF story, the document filed by
The lawsuit, originally filed in June in the federal
The agency that drew up the new flood maps says changes are needed to make the flood insurance program sound and only reflect the risks of each property. The idea behind the changes is to ease the burden of landlocked states whose premiums were helping cover the cost of flood risk in coastal states.
The lawsuit alleges federal officials violated a law known as the Administrative Procedure Act by making changes that weren't needed and passing along high costs that will be detrimental to policy holders (plaintiffs).
Along with
Floridians and others do have the option to buy flood insurance from a private company and many are opting to take that route. How much, if any, money homeowners will save is hard to determine right now.
We side with the states that filed the original lawsuit. Even though we knew for a couple of years
Some relief is needed or Floridians will just have one more reason to reconsider where they live.
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