WASHINGTON (AP) – Homeowners worried that new federal flood maps will send their flood insurance premiums skyrocketing would get some short-term relief under a provision tucked into a massive government-wide funding bill.

But other changes to the federal flood insurance program, including higher premiums on businesses, vacation homes and frequently flooded properties will remain in place, as well as a new rule blocking homeowners from passing insurance subsidies on to the people who buy their homes.

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Posted: Jan 14, 2014 12:51 PM ESTUpdated: Jan 14, 2014 12:52 PM EST
By ANDREW TAYLOR
Associated Press

 

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