Opinion: Fla. homeowners could suffer because of NFIP changes

09/8/2013 | Tampa Bay Times (St. Petersburg, Fla.)

The looming rate increases under the National Flood Insurance Program as mandated by the Biggert-Waters Act will have negative consequences for Florida homeowners, John Romano writes. "The real estate market will take an enormous hit if high-risk homes become unsellable due to insurance rates. Property values will begin to drop, which will affect tax revenues," Romano writes.

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Tampa Bay Times (St. Petersburg, Fla.)

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