REALTORS® to Congress: Flood Insurance Rates Post Threat to Business, Homeownership

WASHINGTON (June 30, 2016) — Flood insurance costs continue to put small businesses and homeownership at risk, but the National Association of Realtors® told U.S. Senators today that a range of solutions are on the horizon. David McKey, 2016 vice chair of NAR’s Insurance Committee, testified on NAR’s behalf before the Senate Small Business and Entrepreneurship committee. McKey told Senators in attendance that Realtors® continue to report that their clients face significant hurdles due to excessive flood insurance costs and future uncertainty…

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