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All South Floridians in the House voted against flood-insurance overhaul. Here’s why

Flood(4)

@alextdaugherty

The entire South Florida delegation in the House of Representatives voted Tuesday against a proposal to overhaul the National Flood Insurance Program, as Congress seeks a long-term solution for the program saddled with billions in debt after Hurricane Irma.

Miami Republican Reps. Ileana Ros-Lehtinen, Mario Diaz-Balart and Carlos Curbelo joined the majority of Democrats to vote against the proposal, which passed by a vote of 237-189, with 15 Democrats voted in favor.

“It doesn’t make the changes that I need to satisfy... a big percentage of my district,” said Ros-Lehtinen, who represents Miami Beach and coastal areas of central Miami-Dade County. “We have a lot of homes that are highly valued and it’s going to incur a lot of cost. It’s got to be fair for everybody. To have a home that you can’t find anybody to insure, that doesn’t do anyone any good.”

South Florida Democratic Reps. Frederica Wilson, Debbie Wasserman Schultz, Alcee Hastings, Lois Frankel and Ted Deutch also voted against the bill.

The National Flood Insurance Program is set to run out of money by Dec. 8, and if Congress lets the program lapse, thousands of real estate transactions and construction projects in flood-prone areas could be affected. Florida has 35 percent of the nation’s 5 million policies covered by the federal program — three times as many as the second-ranked state, Texas, which has 593,000 policies.

The flood insurance funding bill was the product of an agreement between House Financial Services Committee chairman Jeb Hensarling, R-Texas, and Majority Whip Steve Scalise, R-La. Hensarling has fought for years to privatize portions of the flood insurance program in an effort to make it fiscally solvent. Lawmakers from coastal areas, like Scalise, have cautioned that reforms could result in higher premiums and hurt investment.

Read more here.

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