ICYMI: Flood insurance rates to recede soon

…Congressional representatives from districts most affected by higher flood rates have been pressing FEMA to move quickly putting the new law into action. Rep. Gus Bilirakis, R-Palm Harbor, said he was "pleased" to see the agency acting quickly.

"This legislation was a true, bipartisan effort that will provide relief to homeowners, and its enactment is positive for homeowners," he said in a statement.

Bilirakis is also pushing for legislation to force FEMA to clearly explain to policyholders how their flood rate is calculated, and recently elected U.S. Rep. David Jolly, R-St. Petersburg, wants to pass a bill to shield business properties from steep annual increases.

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