WV legislators worried about flood insurance spikes - WTRF 7 News Sports Weather - Wheeling Steubenville

WV legislators worried about flood insurance spikes

Posted: Updated:
  • GovernmentGovernmentMore>>

  • WV Senate race firing up thanks to 'war on coal'

    WV Senate race firing up thanks to 'war on coal'

    Monday, July 28 2014 2:29 PM EDT2014-07-28 18:29:34 GMT
    The race for West Virginia representation in the U.S. Senate is firing up, in more ways than one. In the first television advertisement released for the West Virginia Senate race, Secretary of State Natalie Tennant shuts off power to the White House.
    The race for West Virginia representation in the U.S. Senate is firing up, in more ways than one. In the first television advertisement released for the West Virginia Senate race, Secretary of State Natalie Tennant shuts off power to the White House.
  • Rep. Nick Rahall addresses need for Congress to 'act' on VA legislation

    Rep. Nick Rahall addresses need for Congress to 'act' on VA legislation

    Monday, July 28 2014 8:27 AM EDT2014-07-28 12:27:49 GMT
    U.S. Rep.Nick J. Rahall, D-W.Va., said July 25 on the House floor leaders needed to come together and act to complete legislation that addresses shortfalls within the Department of Veterans Affairs.
    U.S. Rep.Nick J. Rahall, D-W.Va., said July 25 on the House floor leaders needed to come together and act to complete legislation that addresses shortfalls within the Department of Veterans Affairs.
  • West Virginia sees high rates of health insurance coverage

    West Virginia sees high rates of health insurance coverage

    Saturday, July 26 2014 10:00 AM EDT2014-07-26 14:00:27 GMT
    A new report done by Wallet Hub, a company whose motto is to focus on “financial decisions and saving money,” found only 6 percent of West Virginians do not have health insurance coverage.
    A new report done by Wallet Hub, a company whose motto is to focus on “financial decisions and saving money,” found only 6 percent of West Virginians do not have health insurance coverage.

The West Virginia House of Delegates leadership team plans to urge members of U.S. Congress to address flood insurance premiums they described as "drastic."

"West Virginia residents and small business owners who work hard are being hit with shockingly high flood insurance costs," said House Speaker Tim Miley. "I don't believe that the people in Washington, D.C., realize the effect the changes to the National Flood Insurance Program are having on people who are living in low flood-risk areas here in West Virginia."

In 2012, Congress passed a flood insurance reform act intended to bolster the National Flood Insurance Program, which is deeply in debt following disasters such as Superstorm Sandy and Hurricane Katrina.

Delegate Randy Swartzmiller, D-Hancock, said many people in his northern panhandle district are receiving notice of premium hikes.

"It is our understanding that rates for homes that are inland – such as homes in my district in the Ohio Valley – are skyrocketing to compensate for the losses in coastline areas that have been hit so hard in recent years," Swartzmiller said. "While we believe in providing federal disaster aid, the effect in this instance is that homeowners and business-owners who are not facing a significant flood risk are being forced to pay for the loss of beach-front dwellings vulnerable to tropical storms and hurricanes."

Miley said House leadership members intend to introduce at the outset of the 2014 session a resolution to shed light on how West Virginians are being penalized and to ask Congress to revisit the 2012 insurance act.

"That simply isn't fair," Swartzmiller added.