Press Releases
Palazzo Opposes Bill that Would Raise Flood Insurance Premiums
Washington,
November 14, 2017
Tags:
Flood Insurance Reform
Washington, DC - Congressman Steven Palazzo (MS-4) today voted against the 21st Century Flood Reform Act which would increase premiums for policyholders. The 21st Century Reform Act speeds the rate of annual premium increases for policyholders and increases additional fees and surcharges. The impact of several provisions that will be used to determine premiums for coastal and inland properties, replacement costs and other risk assessment tools is still unknown. |