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Homeowner Flood Insurance Affordability Act

Sen. Robert Menendez (file/credit: Chip Somodevilla/Getty Images)

Menendez/Grimm Flood Insurance Affordability Bill Passes, Awaits President’s Signature

Congress passed a bill Thursday scaling back what had been drastic increases in flood insurance rates for many homeowners. It passed in the Senate by a vote of 72 to 22.

03/14/2014

Rep. Michael Grimm (Credit: Charles Norfleet/
Getty Images Entertainment)

New York Officials Urge U.S. Senate To Approve Homeowner Flood Insurance Affordability Act

The legislation, which is sponsored by U.S. Rep. Michael Grimm, aims to provide relief to homeowners who live in flood-prone areas.

03/08/2014