PROVIDENCE, R.I. – On Wednesday, December 4, 2013, the Providence Journal published an article written by Senior Fellow for Public Policy Joseph Grady. Grady discusses the financial and human costs involved with flood insurance in Rhode Island and the United States:
Debates over public policy — the collective choices we make on behalf of our state, town or nation — often involve weighing tough choices between two things we want. One current debate in Congress is a great example, and the two things we want are responsible financial management and affordable homeownership.
Congress is currently considering a bill to slow down increases in flood insurance premiums for Rhode Islanders and other Americans. The bipartisan bill, co-sponsored by James Langevin (D.-R.I.) and called the Homeowner Flood Insurance Affordability Act, would protect thousands of Rhode Islanders from higher rates that could even drive some from their homes, as was reported in these pages several weeks ago.
To read the full article, please visit the Providence Journal’s website.