Now the House and Senate have approved and President Obama will soon sign it into Law. This will basically put everything back the way it was before October 1st 2013. Fort Lauderdale, South Florida, Tarpon Springs Tampa, and all of Florida will be in a better situation for at least 3-4 more years until the 5 years is up from the Original Biggert-Waters bill. The following changes will occur;

Anyone who was charged more will be getting refunds.

Subsidized rates will again be allowed we hope.

The 25 Billion dollar deficit will remain unchecked till another solution is found.

Rate Hikes will be capped off at 15-18% per year.

And Grandfather clauses will be maintained till July of 2017 when a new bill must be reached and agreed upon.

Please enjoy the full article below and please call L & S Insurance at 1-888-244-7400 for quotes on Home, Flood, Auto, Business & Commercial, and Life & Financial products as well.

http://www.insurancejournal.com/news/national/2014/03/13/323273.htm