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Toomey Amendment Attacks Flood Insurance Costs

Pennsylvania Republican Senator Pat Toomey's amendment, offered to a bill on flood insurance reform would ease otherwise drastic increases in premiums. US Senator Pat Toomey (R-PA) has offered an amendment to a bill that would otherwise delay for up to four years, controversial flood insurance rate increases set to phase in next year. Senator Toomey says his amendment is an alternative to the bill that would stagnate a program already headed for bankruptcy. Toomey's amendment calls for a $40 surcharge on flood insurance and a gradual phase in of 25 percent increases.

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Topics : Disaster_AccidentSocial Issues
Social :
Locations : Pennsylvania
People : Pat Toomey