CEDAR RAPIDS, Iowa (AP) — When the Cedar River flooded over 10 square miles of the city in 2008, few property owners had flood insurance _ slowing recovery for residents and business owners as they waited for resources from the …
Flood insurance premiums will rise again this year, according to federal officials. The Federal Emergency Management Agency said flood premiums will jump about 8 percent, the Asbury Park Press reported. The average flood policy will cost $935 annually, up from …
Had Greg Larson, a Realtor and riverside homeowner in Bismarck, and his family changed their flood insurance policy, their cost would have gone from $705 a year to $4,200. Increases in flood insurance rates are making some of Bismarck-Mandan’s prized …
Peggy Molloy is not a millionaire. In fact, she’s afraid she may soon have to stop paying the mortgage on her home at the Jersey shore and walk away from it. The Point Pleasant woman lives in an area facing …
Some property owners in Douglas County could soon pay more for federal insurance. The federal government’s decision to phase out subsidized insurance in special flood hazard areas will increase costs for 168 property owners in Douglas County. Most of the …
Louisiana’s Department of Insurance has joined a lawsuit filed by Mississippi against the federal government to try to block rates from increasing Oct. 1 in the National Flood Insurance Program. Commissioner Jim Donelon said Wednesday that the department had filed …
Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the House Financial Services Committee say they are standing behind last year’s bipartisan legislation to …
The threat of looming flood insurance hikes has many in Galveston, Texas, worried that they may be forced off the Gulf Coast. Federal law passed last year to eliminate the National Flood Insurance Program’s multibillion-dollar shortfall will result in higher …
A bipartisan group of lawmakers is pressing for a four-year delay to changes to the federal government’s flood insurance program that are threatening to sock thousands of people with unaffordable premium hikes. The move comes as the government is beginning …
Some New York City residents may soon face sharp increases in their flood insurance premiums as a result of major changes occurring in the National Flood Insurance Program and the redrawing of flood maps that expand the areas at risk, …