Sen. Marco Rubio said today that he will back a bill to delay steep rate increases under a flood insurance reform act, but said he wants to ensure the program remains solvent.
Rubio has said he opposes the hikes, which have caused alarm across Florida, but he has not been a visible member of a coalition working on the legislation.
“Clearly we have to prevent these disruptive increases,” Rubio said in an interview with Florida reporters at his Washington office. He cited a case in which the annual insurance bill for a homeowner in the Keys went from just under $2,000 to $49,000.
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