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Rally against flood insurance hike in Tampa on Saturday

TBO.com staff
Published:   |   Updated: September 27, 2013 at 07:26 AM

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Opponents of planned rate increases by the National Flood Insurance Program are planning a rally Saturday in Tampa, one of several similar gatherings in states across the country.

The Tampa rally will be at noon at Ballast Point Park, 5300 Interbay Blvd.

Other rallies are planned in New Jersey, New York, Massachusetts, Vermont, Alabama, Hawaii and Iowa.

Many rate increases planned as part of the Biggert-Waters Flood Insurance Reform Act will start Oct. 1, including an annual rate increase of 25 percent for second homes, commercial properties and properties with repetitive flood losses.

The increases were planned to reduce the $24 billion deficit in the National Flood Insurance Program.

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