As a part of the Omnibus Spending Bill or current U.S. budget, the House and Senate included a provision which halts premium increases in Flood Insurance for one year. Flood Insurance is a Federal Taxpayer-funded program available to those voters, er, people who live and work and own properties in flood-prone areas such as on the Atlantic, Pacific, and Gulf coasts, for example. See Jordan Blum, "Delay in Flood Insurance Premium Increases Finally Passed" (The Advocate Online, Baton Rouge, Louisiana, Friday, January 17, 2014).
Apparently some three-fourths of Property and Casualty Insurers who were polled recently, want a delay too. See Chris McMahon, "75% of P&C Insurers Expect NFIP Reform to be Delayed" (Insurance Weekly News Online, Thursday, January 16, 2014).
Delaying the unstoppable is a middle ground between public policy and no policy at all. It is not a substitute for public policy itself. See the article and links posted here on January 6, 2014, "Federal Flood Insurance Premiums Slow Home Sales in Flood Zones".
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