Congress passes bill to lower flood insurance premiums for at-risk homeowners

Thousands of Long Island homeowners living in high-risk flood zones could be getting a break with their flood insurance premiums.



Congress passed a bill Thursday to dramatically roll back flood insurance rates. President Barack Obama is expected to sign the legislation.



Flood insurance rates skyrocketed after Superstorm Sandy for Long Islanders like Chris Chiaffitelli, of East Rockaway. Chiaffitelli's rates shot up from $1,700 per year to $4,300.



"At least we can say that our leaders are attempting to address one of the problems that we have here on Long Island," he says.



Opponents of the bill like Steve Ellis, of Taxpayers for Common Sense, say lowering rates will not reduce the chance of another storm and its financial consequences.



"We are encouraging people to be in harm's way and encouraging them to do things that would not reduce their risk," says Ellis.


sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."