Ill. House Democrats: Rep. Sharon Chung's Flood Insurance Bill Unanimously Passes House - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 19, 2024 Newswires
Share
Share
Tweet
Email

Ill. House Democrats: Rep. Sharon Chung's Flood Insurance Bill Unanimously Passes House

Targeted News Service

BLOOMINGTON, Illinois, April 19 -- The Illinois House Democrats issued the following news:

State Rep. Sharon Chung, D-Bloomington, is working to protect taxpayers from the high cost of flood damage to critical infrastructure by passing bipartisan legislation through the Illinois House of Representatives to make sure Illinois state properties receive federal assistance for floods.

"We know that natural disasters are a matter of when, not if," said Chung. "When our state buildings and infrastructure are damaged without proper insurance, we risk extended loss of services to Illinoisans, and sudden financial burdens. This legislation will make sure we minimize the impact that flooding can cause on our infrastructure, and save taxpayer money."

Chung earned unanimous bipartisan support for House Bill 4207 in a House floor vote. The bill reduces liability for taxpayers by requiring state agencies comply with rules set by the Federal Emergency Management Agency (FEMA) to be eligible for the National Flood Insurance Program (NFIP). This program allows states to receive federal funding for damage caused by flooding, rather than passing the entire cost on to Illinois taxpayers. The bill moves to the Senate for a vote.

"We could all use one less thing to worry about," said Chung. "Making sure our state has the support it needs in the event of flooding will allow us to feel confident about what our response will be when disaster strikes."

* * *

Original text here: https://ilhousedems.com/2024/04/18/rep-sharon-chungs-flood-insurance-bill-unanimously-passes-house/

Older

Nationwide Mutual Insurance: Business Life Insurance Can Help Address Challenges Faced by Business Leaders Navigating Turbulent Labor and Economic Landscape

Newer

Ill. House Democrats: Jones Passes New Protections in Auto Theft Cases, Cracks Down on Insurance Loopholes That Deny Coverage

Advisor News

  • Global economic growth will moderate as the labor force shrinks
  • Estate planning during the great wealth transfer
  • Main Street families need trusted financial guidance to navigate the new Trump Accounts
  • Are the holidays a good time to have a long-term care conversation?
  • Gen X unsure whether they can catch up with retirement saving
More Advisor News

Annuity News

  • Pension buy-in sales up, PRT sales down in mixed Q3, LIMRA reports
  • Life insurance and annuities: Reassuring ‘tired’ clients in 2026
  • Insurance Compact warns NAIC some annuity designs ‘quite complicated’
  • MONTGOMERY COUNTY MAN SENTENCED TO FEDERAL PRISON FOR DEFRAUDING ELDERLY VICTIMS OF HUNDREDS OF THOUSANDS OF DOLLARS
  • New York Life continues to close in on Athene; annuity sales up 50%
More Annuity News

Health/Employee Benefits News

  • Higher cost, worse coverage: Affordable Care Act enrollees say expiring subsidies will hit them hard
  • Senators Budd and Cruz Introduce Legislation to Increase Affordable Healthcare Coverage Options for Americans
  • Changes for Nevada Medicaid beginning January 1
  • Burcum: Watch out for risky health plans as sticker shock sets in
  • WOUND GRAFT COMPANY OWNERS SENTENCED FOR $1.2B HEALTH CARE FRAUD AND AGREE TO PAY $309M TO RESOLVE CIVIL LIABILITY UNDER THE FALSE CLAIMS ACT
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Legals for December, 12 2025
  • AM Best Affirms Credit Ratings of Manulife Financial Corporation and Its Subsidiaries
  • AM Best Upgrades Credit Ratings of Starr International Insurance (Thailand) Public Company Limited
  • PROMOTING INNOVATION WHILE GUARDING AGAINST FINANCIAL STABILITY RISKS ˆ SPEECH BY RANDY KROSZNER
  • Life insurance and annuities: Reassuring ‘tired’ clients in 2026
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Slow Me the Money
Slow down RMDs … and RMD taxes … with a QLAC. Click to learn how.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

Press Releases

  • National Life Group Announces Leadership Transition at Equity Services, Inc.
  • SandStone Insurance Partners Welcomes Industry Veteran, Rhonda Waskie, as Senior Account Executive
  • Springline Advisory Announces Partnership With Software And Consulting Firm Actuarial Resources Corporation
  • Insuraviews Closes New Funding Round Led by Idea Fund to Scale Market Intelligence Platform
  • ePIC University: Empowering Advisors to Integrate Estate Planning Into Their Practice With Confidence
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2025 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet