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Home › Senate votes to keep subsidizing flood insurance in flood-prone areas

 

Senate votes to keep subsidizing flood insurance in flood-prone areas

2014-02-03 21:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: Members of Congress have been clamoring for months to undo one of the most ambitious pieces of climate-related legislation they ever passed. The Biggert-Waters Flood Insurance Reform Act of 2012 would force coastal property owners to pay full market rates for their flood insurance. The law barely mentioned climate change, but it laid the groundwork for a more sane approach to building - and rebuilding - along increasingly disaster-prone coastlines and riverbanks. Last Thursday, however, the Senate...

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