Schumer: Extend flood insurance program
Sen. Chuck Schumer (D-N.Y.) joined Long Island officials Wednesday to call for extending the National Flood Insurance Program before it expires Sept. 30 and curbing insurance costs for homeowners.
Schumer, at Waterfront Park in Freeport, said his proposal would issue a five-year authorization of the flood insurance program and cap annual premium increases at 9 percent. On average, the proposal would cap increases at no more than $90 per year, Schumer said.
He also said his proposa...