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Senate acts on bill to delay flood insurance rises

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WASHINGTON — Bipartisan legislation that would delay flood insurance premium increases for hundreds of thousands of people living in coastal and low-lying areas cleared its first hurdle in the Senate on Monday.

The 86-to-13 vote demonstrated that the measure had filibuster-proof support in the chamber, which was likely to pass it in a few days.

The legislation would delay for up to four years premium increases set to phase in next year on homeowners facing whopping premium increases under new flood maps and would allow homeowners with subsidized insurance policies to pass them on to people who buy their homes.

The higher premiums were the result of changes made to the federal flood insurance program less than two years ago hat were designed to make it more financially stable.

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