House passes Ross, Murphy flood insurance bill
The House today unanimously passed a bill that would allow homeowners to obtain private flood insurance.
“Floridians and all Americans across the country would greatly benefit from more choices when it comes to flood insurance policies, and private competition in this market will lead to greater innovation and more affordable and comprehensive policies for consumers,” Rep. Dennis Ross, R-Lakeland, said on the House floor ahead of the 419-0 vote.
Ross sponsored the Flood Insurance Market Parity and Modernization Act with Rep. Patrick Murphy, D-Jupiter.
"This bill is a win-win for Florida families, giving them more options for flood insurance coverage and bringing down the cost of policies," Murphy said. "It was great to see our legislation pass with unanimous support, and I urge the Senate to swiftly follow suit.”
But the Senate posture is less clear.
Sen. Roger Wicker of Mississippi, who has co-sponsored companion legislation, did not seem ready to race ahead when asked about it this week.
“Clearly the flood insurance program needs to be reformed and if it were easy, it would have been done a long time ago,” he said. “There really are a lot of ramifications for homeowners and property owners and we need to be careful. But I’m glad to know they’re making progress.”