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Insurance Journal: Key House Republicans Oppose Delaying Flood Insurance Increases

The effort to delay huge increases in insurance premiums for homeowners in flood-prone areas faces a skeptical House chairman who is largely standing behind the changes Congress oversaw in the nation’s flood insurance program less than two years ago.

Rep. Jeb Hensarling, the Texas Republican who chairs the House Financial Services Committee that has jurisdiction over flood insurance, wants “free-market alternatives” to the government-run program, says his spokesman, David Popp. Read more in Insurance Journal.