Homeowner Flood Insurance Transparency Act

Sen. Cruz, Colleagues Protect Flood Insurance Policyholders with the Homeowner Flood Insurance Transparency Act

WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas) has cosponsored the Homeowner Flood Insurance Transparency Act, which was introduced by Sen. Cindy Hyde-Smith (R-Miss.). This legislation permits National Flood Insurance Program (NFIP) policyholders to retain their existing premium rates until the Federal Emergency Management Agency (FEMA) achieves certain transparency and accountability requirements.   The Homeowner Flood Insurance Transparency Act alleviates the burden of increasing premium rates that some flood insurance policyholders are experiencing under FEMA’s newly-implemented NFIP Risk Rating […]