LEE COUNTY, Fla. - Home owners and business owners along Fort Myers beach reacted positively to news that Congress passed a measure to put the brakes on rising flood insurance rates. Some homeowners we talked to say they have been having a difficult time trying to sell their homes because of double and triple digit insurance rate increases. After seeing rates double in the last year, the owner of the Silver Sands hotel says they have instituted an insurance surcharge to raise money for next year's premiums that could be as high as 80 thousand dollars.
The bill that passed through Congress caps FEMA increases at 15% per year. The measure still has to pass the Senate.