Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

The Associated Press March 4, 2011, 11:01AM ET

Ill. lawmaker seeks flood insurance rate freeze

An Illinois federal lawmaker is stumping again for legislation that would stave off property owners from having to buy mandatory and perhaps expensive flood insurance in areas newly designated by the government as being at high risk.

The measure introduced Thursday by Democratic Rep. Jerry Costello of Belleville would block the new Federal Emergency Management Agency flood-insurance rate maps from taking effect in areas where there's an active effort to fix levees.

The bill mirrors one Costello introduced in the last congressional session.

Officials in Illinois worry new FEMA maps soon will declare 64 miles of earthen Mississippi River levees in southwestern Illinois functionally useless, meaning higher insurance rates.

FEMA believes those levees, more than a half-century old, do not meet its minimum threshold for certification.

BW Mall - Sponsored Links

Buy a link now!