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Senate OKs reversing flood insurance hikes

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WASHINGTON — The Senate on Thursday passed legislation to delay steep increases in homeowners’ federal flood insurance premiums, which were put in place less than two years ago to stabilize the federal flood insurance program.

The bill would delay the rate increases for four years while the Federal Emergency Management Agency completes an affordability study and certifies that new maps of flood zones are scientifically based. The vote was 67-32, with strong bipartisan support.

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