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Senator Casey Speaks Out on Flood Insurance Rates

Some 33,000 Pennsylvanians are impacted by the rate hike increase
US Senator Bob Casey is pushing for a delay in rate hikes for people who receive subsidized federally subsidized flood insurance through FEMA. The rate hikes are part of a law passed in 2012 called the Biggert-Waters Act that was designed to make the national flood insurance program more solvent…but lawmakers like Casey say there are some unintended consequences.  The rate hikes,in some cases, are higher than the mortgage and may force some people out of their homes.

  Senator Casey was in Exeter, Luzerne County to meet with recipients and community leaders. Casey said, “This is a complicated issue. In the long term we have to try and prevent flooding but in the short term we must try and make sure  communities get direct help.”

  West Pittston Mayor Tony Denisco added, “We have people who are ready to walk away from their homes and properties. The price of everything is going up and some people can’t afford such increases in flood insurance premiums.”
  Some 33,000 Pennsylvanians are impacted by the rate hike increase..that includes around 2,000 in Luzerne and Lackawanna counties.. The issue is a nationwide concern since the national flood insurance program has been stretched to the max as a result of natural disasters in recent years.
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