national flood insurance premiums

Schumer Warns Of Flood Insurance Cost Hikes

Nov 15, 2013
U.S. Senate

U.S. Senator Chuck Schumer warns big increases in the national flood insurance premiums are expected.

Schumer says he's supporting a measure to delay the spike until the Federal Emergency Management Agency completes its national study which includes considering affordability.

Schumer told reporters Thursday he hopes to freeze premiums for the time the study is being done for Congress. That could take years.