Young: Flood insurance bill 'significant victory' for homeowners

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wwltv.com

Posted on March 4, 2014 at 11:22 PM

Updated Wednesday, Mar 5 at 9:32 AM

WWLTV.com
Email: webteam@wwltv.com | Twitter: @WWLTV

WASHINGTON -- The House of Representatives passed an amended version Tuesday of the Homeowner Flood Insurance Affordability Act.

The amendment, co-sponsored by Rep. Bill Cassidy, R-La., and Rep. Michael Grimm, R-NY, reinstates the flood insurance program's grandfathering provision.

It puts a cap on premium increases and reforms the process that FEMA uses to create flood maps.

The bill now goes to the Senate for a vote.

Jefferson Parish President John Young and Caitlin Berni, director of external affairs at GNO Inc., joined the Eyewitness News set to discuss the developing news.

You can watch the full interview above.

 

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