Flood Insurance Rate Bill Debate - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Flood Insurance Rate Bill Debate

Flood Insurance Rate Bill Debate

Posted: Updated:

A group of US senators from both parties promoted a bill to roll back flood insurance rates today.

North Dakota Republican John Hoeven and Democrat Heidi Heitkamp were among the group promoting the "Homeowner Flood Insurance Affordability Act."

The legislation would repeal rate increases that took effect in October until a study is done to determine the best way to make flood insurance fair and affordable.

Senator Hoeven said the rate increases are inappropriate and he said in some cases people with homes that have never flooded are being required to buy the insurance.

(Sen. John Hoeven, -R- ND) "So we have homeowners or business owners, people wanting to sell their home or business to people coming to the community and they can't do it because nobody can get a mortgage because in order to get a mortgage you have to have flood insurance. They don't even have a choice"

About four million homes and businesses saw their flood insurance rates jump in October with implementation of the new law.

  • Minot/Williston NewsMore>>

  • Sports

    Sports

    Friday, August 29 2014 10:27 PM EDT2014-08-30 02:27:16 GMT
    Sports
    Sports
  • Child Hears for the First Time

    Child Hears for the First Time

    Child Hears for the First Time

    Friday, August 29 2014 6:46 PM EDT2014-08-29 22:46:54 GMT
    We begin tonight with a miracle. A child - barely a year old - getting his first taste of the noisy world around him.
    We begin tonight with a miracle. A child - barely a year old - getting his first taste of the noisy world around him.
  • Drug Trafficking Sentence

    Drug Trafficking Sentence

    Drug Trafficking Sentence

    Friday, August 29 2014 6:44 PM EDT2014-08-29 22:44:52 GMT
    A man will serve 20 years in prison for his role in a drug trafficking operation that stretched from the Bakken oil fields to the Washington coast.
    A man will serve 20 years in prison for his role in a drug trafficking operation that stretched from the Bakken oil fields to the Washington coast.
Quick Clicks
Closings/Delays
View list
Calendar
What's happening?
Lottery Results
Feeling lucky?
Viewer Photos
Submit yours!
Road Report
Current conditions
TV Listings
See what's on
Gas Prices
Check near you
E-Mail Newsletter
Signup now

Most Popular

Stories
Videos
loading...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.