Jeff Brandes wants transparency in National Flood Insurance Program rates
Florida state Sen. Jeff Brandes wants FEMA to release data from flood insurance policies under the National Flood Insurance Program to determine whether or not the premiums assessed for policies are excessive or arbitrarily assigned. In a letter to Florida’s Office of Insurance Regulation Commissioner Kevin McCarty Wednesday, Brandes argued there were 100,000 fewer flood insurance policies in effect this June compared to last May. Homeowners face as much as 25 percent rate increases each year for non-primary residences and…