Senate OKs delay in flood-insurance premium increases

February 3, 2014

flood insuranceWASHINGTON — The Senate passed legislation Thursday to delay flood-insurance premium increases for four years, a key victory for nearly 270,000 Florida property owners seeking relief from skyrocketing rates.

The measure now moves to the House, where its prospects are uncertain.

Both Florida senators — Democrat Bill Nelson and Republican Marco Rubio — voted for the measure.

“We are finally coming to the point at which we can grant homeowners and businesses some relief from the huge, gargantuan — sometimes tenfold — increases in flood insurance premiums,” Nelson said following the 67-32 vote.

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