Clearwater, Florida – Flanked by dozens of people in the real estate industry, on Tuesday Governor Rick Scott predicted dire consequences of the flood insurance hikes that kick in this month.
“This is absolutely unfair and it could devastate the real estate market right here in Tampa,” Scott said. But the Governor did not offer any help from the state in solving the crisis, but blamed it all on President Barack Obama. “President Obama signed this law that hurts Florida homeowners,” Scott told the crowd.
But the Biggert-Waters Flood Insurance Reform Act was passed overwhelmingly last year by Washington lawmakers on both sides of the aisle.
Source: 10 News
