Lawmakers want more flood insurance options for Tampa Bay homeow - WFLA News Channel 8

Lawmakers want more flood insurance options for Tampa Bay homeowners

Posted: Updated:
Presently 50,000 properties in Pinellas County are affected by drastic increases in flood insurance premiums due to the passing of the Biggert -Waters act that removes federal subsidies for flood insurance through FEMA. Presently 50,000 properties in Pinellas County are affected by drastic increases in flood insurance premiums due to the passing of the Biggert -Waters act that removes federal subsidies for flood insurance through FEMA.
PINELLAS COUNTY, FL - Senator Jeff  Brandes and Representative Larry Ahern announced a bill on Tuesday that aims to increase the number of private flood insurance providers in the state of Florida.

"This will create a framework for insurers to do business in the state. Most importantly, it will provide flexibility to homeowners so they can choose a premium they can afford," said Brandis.

Presently 50,000 properties in Pinellas County are affected by drastic increases in flood insurance premiums due to the passing of the Biggert -Waters act that removes federal subsidies for flood insurance through FEMA.

Related: Flood insurance fix still on hold for Tampa Bay area homeowners

Brandes believes he will have the support needed in Tallahassee to get the bill passed in the early stages of the legislative session. He would like to have it go into effect immediately and not wait until July 1.

He believes the potential impact on tourism from commercial properties on the coast facing these higher premiums will encourage other counties to vote for the plan.

Presently, Lloyds of London is one of the few private insurance companies that offers an alternative to the high FEMA rates.

Sign up for free breaking news and headline email alerts http://8.wfla.com/18DCEqk

  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
  • Most Popular StoriesMost Popular StoriesMore>>

  • VIDEO: Intense gator battle at Odessa golf course

    VIDEO: Intense gator battle at Odessa golf course

    Friday, July 25 2014 10:56 AM EDT2014-07-25 14:56:27 GMT
    YouTube imageYouTube image
    An amazing video of two big gators locked in an intense fight might have you wondering how something so dangerous could happen at a golf course. A golfer shot the video using a cell phone
    An amazing video of two big gators locked in an intense fight might have you wondering how something so dangerous could happen at a golf course. A golfer shot the video using a cell phone
  • 'Faces of Meth' program launched by Sheriff's office

    'Faces of Meth' program launched by Sheriff's office

    Monday, July 21 2014 6:37 PM EDT2014-07-21 22:37:35 GMT
    'Faces of Meth' is a project of the Multnomah County Sheriff’s Office.
    'Faces of Meth' is a project of the Multnomah County Sheriff’s Office.
  • Photo of cat at gunpoint on Facebook sparks investigation

    Photo of cat at gunpoint on Facebook sparks investigation

    Friday, July 25 2014 8:00 AM EDT2014-07-25 12:00:28 GMT
    Animal Control officers are investigating a post that sparked outrage on Facebook - it was a picture of a man holding a cat by its scruff and pointing a gun at it, NBC-2 reported.
    Animal Control officers are investigating a post that sparked outrage on Facebook - it was a picture of a man holding a cat by its scruff and pointing a gun at it, NBC-2 reported.
Powered by WorldNow

200 South Parker Street, Tampa, FL 33606

Telephone: 813.228.8888
Fax: 813.225.2770
Email: news@wfla.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.