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ClimateWire: It was a few hours before Sharron Voorhees was scheduled to sign a new home loan when her bank canceled the closing appointment because she had private flood insurance.
Two more cancellations followed, both on the morning of her closing dates, based on the bank's concern that Voorhees had purchased coverage from Lloyd's of London rather than the U.S. government.
"It just doesn't look like a flood policy," a loan officer told her last fall.
For months, the retired lawyer from a low-lying......
Read Complete Article at Water Conserve: Water Conservation RSS News Feed
As flood threats rise, federal reform to diversify the insurance risk sinks
Posted by Washington Post: Juliet Eilperin on April 13th, 2013
Posted in Water Conservation