Rep. Kind Calls for Vote on Bill to Ease Burden of Flood Insurance Costs
U.S. Rep. Ron Kind called on House leadership to quickly move forward with his bill to open up the flood insurance market and allow more private businesses to compete and possibly lower prices for consumers. Currently, the primary option for property owners needing to purchase flood insurance is the National Flood Insurance Program, which can be costly.
“We are seeing an increase in severe weather and flood damage in communities across the country, including western and central Wisconsin. For many in flood hazard areas, like La Crosse, the cost of flood insurance is a necessary but significant financial burden. By opening the flood insurance market to competition from private companies, we will allow people to shop around and hopefully find the best deal for them. It is time we give options to the Wisconsinites and Americans who are required to purchase flood insurance,” said Rep. Kind.
Rep. Kind continues to work with homeowners, property owners, community leaders, and local government to try and ease the financial burden of the National Flood Insurance Program (NFIP). Rep. Kind is working to make sure this bill, Flood Insurance Market Parity and Modernization Act, is either included in the National Flood Insurance Program (NFIP) reauthorization, which must happen in the coming months, or is brought to the floor for a vote.