Legislators urge Congress to reverse flood-insurance hike | savannahnow.com

17
Jan

Legislators urge Congress to reverse flood-insurance hike | savannahnow.com

ATLANTA — Tales of 400 percent premium increases for flood insurance by Georgians in newly designated flood zones have prompted such outrage that legislators introduced a resolution Thursday seeking relief.

Resolutions in the House and Senate introduced by Sen. William Ligon and Rep. Alex Atwood, both Brunswick Republicans, urge Congress to repeal the Biggert-Waters Flood Insurance Reform Act of 2012. It is likely to be delayed eight months by a budget deal hatched by members of Congress earlier this week, but the Georgians wanted stopped altogether.

The law aims to raise revenues for the federal flood-insurance program to make up for losses incurred by a series of major storms that hit large population areas.

The law also calls for revisions in the definition of flood zones, effecting inland property owners near creeks, rivers and streams.

“This is going to impact more than just coastal Georgia. It’s going to impact Atlanta. It’s going to impact Columbus because these maps are changing,” Atwood said.

via Legislators urge Congress to reverse flood-insurance hike | savannahnow.com.

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