House to consider flood insurance rates
Andrew Moylan with R Street Institute, a libertarian think tank, said his organization would support a plan that slowed down rate increases for remapped properties, added a phase-in on increases when homes are sold and “targeted assistance to policyholders of modest means who face steep increases.”
But he said it would oppose a repeal of higher rates of remapped properties or homes that are sold, as well as what he called “unjustifiable relief” for vacation homes and places that are repeatedly flooded.
“That would gut a bill over 400 members of the House voted for 18 months ago,” he said.
