Biggert-Waters http://wrkf.org en FEMA Flood Insurance Law Faces Partial Repeal Over Premiums http://wrkf.org/post/fema-flood-insurance-law-faces-partial-repeal-over-premiums The House is expected to vote as early as next week to partially repeal a 2012 law that overhauled the National Flood Insurance Program, which is tens of billions of dollars in debt.<p>The law was meant to make people living in flood-prone areas foot more of the insurance bill. But lawmakers didn't realize how many homeowners would be affected — or how hard they'd be hit.<p>You can find some of those homeowners in Bayou Gauche, about 30 miles west of New Orleans.<p>Like other parts of South Louisiana, this small community is below sea level. Thu, 27 Feb 2014 08:26:00 +0000 Ailsa Chang 23115 at http://wrkf.org FEMA Flood Insurance Law Faces Partial Repeal Over Premiums Federal Flood Insurance Program Drowning In Debt. Who Will Pay? http://wrkf.org/post/federal-flood-insurance-program-drowning-debt-who-will-pay Millions of American property owners get flood insurance from the federal government, and a lot of them get a hefty discount. But over the past decade, the government has paid out huge amounts of money after floods, and the flood insurance program is deeply in the red.<p>Congress tried to fix that in 2012 by passing a law to raise insurance premiums. Now <em>that</em> move has created such uproar among property owners that Congress is trying to make the law it passed disappear.<p>Caught in the middle is the <a href="http://www.fema.gov/">Federal Emergency Management Agency</a>. Wed, 01 Jan 2014 08:03:00 +0000 Christopher Joyce 20748 at http://wrkf.org Federal Flood Insurance Program Drowning In Debt. Who Will Pay?