Gov. Scott asks President for flood insurance relief - WNCT

Gov. Scott asks President for flood insurance relief

Posted: Updated:
Flood insurance premiums have risen dramatically for many property owners. Flood insurance premiums have risen dramatically for many property owners.
Flood insurance premiums have risen dramatically for many property owners. Flood insurance premiums have risen dramatically for many property owners.
PINELLAS COUNTY, FL (WFLA) - Governor Rick Scott met with President Barack Obama Monday to ask him to halt flood insurance increases under the Biggert-Waters Act.

Under the law, which took effect late last year, coastal property owners no longer benefit from federal subsidies on flood insurance. Flood insurance premiums rose dramatically for many property owners.

"There's no indication he's going to do anything. He's waiting on the House and Senate and they talk but there's no action," said Governor Scott.

Congress has been debating whether to change the 2012 overhaul of the federal flood insurance program, but so far no agreement has been reached.One proposal would be to delay the premium increases until FEMA can conclude a number of actuarial studies.

The Senate has passed a version, and now the House has it's own version.  The latest bill, that could hit the floor as early as Wednesday, would limit premium increases, and allow low rates to be passed along to a buyer.  It would also include a $25 dollar assessment which would go into a reserve fund to keep the program solvent.

"I'm very hopeful this will get done this week at least in the house. There's a slight possibility if we can get the Senate on board it would get passed out this week and get it to the President," said U.S. Rep. Gus Bilirakis, R-FL. Congressman Bilirakis said it would take bi-partisan support to pass.

Homeowner Chris Dailey is hopeful Washington is finally listening and he won't have to pay a big hike when his insurance renewal comes in April. He lives in St. Petersburg's Shore Acres neighborhood of modest homes. "There are 290 co-sponsors in the House and Senate that have signed on to this latest bill modification and that's a lot of people. I think the traction is there, I  think something's going to happen," said Dailey.







Copyright 2014 WFLA. All rights reserved.



  • 8 On Your SideMore>>

  • Squatters moving out of New Port Richey soldier's home

    Squatters moving out of New Port Richey soldier's home

    Thursday, April 24 2014 6:50 AM EDT2014-04-24 10:50:51 GMT
    Squatters begin moving out of Spc. Michael Sharkey's home on Wednesday night.Squatters begin moving out of Spc. Michael Sharkey's home on Wednesday night.
    Our 8 On Your Side story about a New Port Richey soldier who says his home has been taken over by squatters is striking a nerve in the community and now, the squatters are moving out. 
    Our 8 On Your Side story about a New Port Richey soldier who says his home has been taken over by squatters is striking a nerve in the community and now, the squatters are moving out.  
  • Pricey processing issue at Tampa hair academy resolved

    Pricey processing issue at Tampa hair academy resolved

    Wednesday, April 23 2014 9:35 AM EDT2014-04-23 13:35:13 GMT
    Loretta Maloy says she always expected to pay for the courses she took those several weeks, but thought $10,000 in loans just wasn’t right.
    Loretta Maloy says she always expected to pay for the courses she took those several weeks, but thought $10,000 in loans just wasn’t right.
  • New Port Richey soldier says squatters won't leave his home

    New Port Richey soldier says squatters won't leave his home

    Wednesday, April 23 2014 8:58 AM EDT2014-04-23 12:58:50 GMT
    Soldier & homeowner Michael Sharkey was deployed to Afghanistan two years ago. Facebook photoSoldier & homeowner Michael Sharkey was deployed to Afghanistan two years ago. Facebook photo
     When soldier Michael Sharkey was deployed to Afghanistan two years ago, he asked a friend to watch over his New Port Richey house. Now, they're fighting to get their house back.
    When soldier Michael Sharkey was deployed to Afghanistan two years ago, he asked a friend to watch over his New Port Richey house. Now, they're fighting to get their house back.
  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
Powered by WorldNow

3221 South Evans Street
Greenville N.C. 27834

Telephone: 252.355.8500
Fax: 252.355.8568
Email: newsdesk@wnct.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.