Regulatory Battle: Home Insurance for Disaster/Flood prone homes

The director of insurance with the Consumer Federation of America says that “Insurance companies have basically become our land-use officials.” State legislators and regulators have responded by: (1) offering insurers more flexibility to raise premiums or drop certain homes from coverage, (2) fast-tracking rate revisions and (3) making it harder for residents to sue their insurance company. 

Route Fifty | States beg insurers not to drop climate-threatened homes