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Lawmakers Roll Back Flood Insurance Hikes11:44
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Anthony and Paula Bacco with their cat, Phoebe pose for a photogaph in their doorway barricaded with sand bags for protection against flooding from Hurricane Sandy. (Kathy Kmonicek/AP)
Anthony and Paula Bacco with their cat, Phoebe pose for a photogaph in their doorway barricaded with sand bags for protection against flooding from Hurricane Sandy. (Kathy Kmonicek/AP)
This article is more than 5 years old.

Homeowners all along the Massachusetts coast are staring down steep flood insurance rates thanks to the Flood Insurance Reform act.

But lawmakers are working to ease the pain with rollbacks, including one passed in the House last week that will allow sellers to pass along subsidized rates to new buyers.

And a bill on the Statehouse floor today would tie flood insurance levels to outstanding mortgage balances.

Guest

Rep. Jim Cantwell, state representative from Marshfield and Scituate and a supporter of the bill on the state house floor Wednesday. He tweets at @repjimcantwell.

More

Associated Press: Mass. Bill Would Soften Flood Insurance Rules

  • "State lawmakers are considering a proposal aimed at softening the impact of new federal flood insurance rules on many coastal homeowners."

The Boston Globe: House Approves Bill To Ease Flood Insurance Hikes

  • "The House approved legislation Tuesday night to roll back a recently enacted overhaul of the federal flood insurance program, after homeowners in flood-prone areas complained about sharp premium increases."

This segment aired on March 12, 2014.

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