The lawmakers look to get rid of the new pricing over premium costs rising and homeowners dropping their coverage.

Sacramento remains one of the most flood-prone areas in the country, with significant development and construction taking place in historic floodplains despite ongoing efforts to shore up protections.

For half a century, a federal program has covered most at-risk properties. Now, a private company is pitching a plan to shrink the government’s role. By Scott Dance Reporting from Washington Flood ...