|Bill to limit flood insurance rate hikes headed to president|
|News - St Augustine Area & St Johns County|
WASHINGTON _ The Senate gave final congressional approval Thursday to a bill that would limit rate increases for federal flood insurance policies to 18 percent per year.
The legislation also restored grandfathering, so that rates donít go up when flood maps are redrawn, and allowed home buyers to keep the same flood insurance premium subsidies that the sellers had.
Read entire article: Bill to limit flood insurance rate hikes headed to president