Flood insurance reform faces Senate delay and relief plan
Senate debate on flood insurance changes slows as a one year reprieve is proposed for homeowners in low lying states like Louisiana and Florida. The measure, part of a DHS funding bill, would shield grandfathered rates while maps update. The reform aims to raise premiums to reflect true flood risk, ending subsidies on sale or repeated flooding.
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Michigan farmers upbeat on Outlook at East Lansing fair
A Michigan State University survey released at the East Lansing farm show shows farmers and agri food leaders bullish about their industry, with positive mood about the outlook though immigration and federal health care concerns linger. economist Bill Knudson notes the ratings are favorable while risks stay, and MSU plans to use the index to align with industry needs following Gov. Snyder's 2011 agriculture summit.
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Market Close Report Reflects Small Shifts
The report captures slight movements in key indices with Change values showing a marginal net rise and fall. Close figures stand near 9,451.85, while daily changes range around 32.41 points and 3598.50 for a mixed performance. The summary notes a minor percentage swing of about 0.21 percent up or down.
Domino effect clouds Obama health law enforcement
A delayed employer mandate may weaken the health care overhaul by delaying the reporting rule that verifies coverage. Treasury says impact will be minor, but analysts warn uninsured may skip the mandate, shrinking healthy enrollees and pushing premiums higher in fall markets. Edward Fensholt of Lockton comments on the risk.
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