Homeowners Insurance Relief Gains Momentum On Capitol Hill

Summary

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"Congress is taking a serious look at creating a much-needed national catastrophe assistance program to brace homeowners nationwide against natural disasters - and disastrous insurance rates," said [Bill Nelson], the cosponsor of eight measures aimed at creating a federal backstop.

"Too many homeowners are facing the choice of either sky-high homeowners' insurance premiums or little or no coverage in the event of a disaster," said Senator [Hillary Clinton]. "This sensible proposal will help ensure that catastrophe insurance will be available and affordable for all American homeowners."

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Homeowners Insurance Relief Gains Momentum On Capitol Hill

U.S. House passage recently of a natural disaster assistance plan shows Congress finally is li...

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