Morning Minute: Movement on federal flood insurance overhaul

Federal flood insurance measure getting traction in Washington
The Wall Street Journal reports that federal lawmakers appear ready to move ahead with an overhaul of the National Flood Insurance Program, which provides insurance to homeowners in flood-prone areas. Approval would keep the program running for the next five years.

In other news:

Illinois House approves “quick-take” bill to take private property for proposed Illiana expressway connecting Indiana and Illinois. (Chicago Tribune)

Gurnee considers mandatory residential sprinklers; REALTOR® speaks out. Local REALTOR® Gary Stittgen, drove home the REALTOR® message of opposition to any mandate and was quoted in the Daily Herald:

“Full sprinkler installation can cost at least $10,000 depending on the square footage of a home. This should be simply a consumer choice issue that has worked well in the building industry.”

 

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