flood insurance premiums News

Iowa Homeowners Find it Hard to Sell Homes Dues to High Flood Insurance Rates

The high price of flood insurance can make it difficult for some Iowa residents to sell their homes. The Quad-City Times reports Duane Randleman has been trying to sell for a year-and-a-half and showed his house to more than 60 …

Millions Face Higher Flood Insurance Premiums

A $24 billion sea of red ink has millions of Americans in vulnerable flood zones, including homeowners still struggling to recover from Superstorm Sandy, facing steep increases in flood insurance premiums. New legislation that went into effect this month – …

Flood Insurance Costs Could Rise for Ohio City

Leaders in a northwestern Ohio city that has seen more than its share of flooding say the Federal Emergency Management Agency has threatened to put the its flood insurance program on “probation.” Officials in Findlay say that could increase the …

New Flood Zone Maps Frustrate Connecticut Homeowners

People living on Porter Avenue face a threat that could put their homes underwater – but it’s not coming from nearby Long Swamp Brook. The rising cost of flood insurance is putting a financial strain on local residents, and many …

Much Needed Levee Repairs Could Offset Flood Insurance Costs

West Terre Haute, Ind., residents have seen their share of flooding over the years. They know all too well the “cut-arounds” when the swollen waters of Sugar Creek flood the main roads. And there’s a reason why the land between …

Massachusetts Wants to Ease Flood Insurance Premium Hike

When Mitch Haddad and his brother began rebuilding their family’s oceanside restaurant in Marshfield, they decided to take no chances. The restaurant, which had been in the family for more than 70 years, routinely flooded – 25 times in 25 …

Flood Insurance Premiums Vary for New Jersey Residents

If flooding were a real concern for Taylor Rambo, he says he wouldn’t have built a bar in his basement. Yet he pays about $2,700 each year for flood insurance that he is required to have as part of his …

Senate Leaders Seek to Pass Bill to Avert Coastal Flood Insurance Rate Hikes

Senate leaders are seeking agreement to quickly pass a House flood insurance bill to avert steep premium increases for property owners in coastal states such as Florida, Louisiana and New Jersey, Senate aides said. The House passed the measure, H.R. …

Michigan Congresswoman Says Flood Insurance Bill Bad for Residents

A U.S. Congresswoman from Michigan wants her state to opt out of the National Flood Insurance Program, saying it’s not good for Michigan homeowners. U.S. Representative Candice Miller (MI-10) voted against H.R. 3370, the Homeowner Flood Insurance Affordability Act, which …

Insurance Spike Feared by Indiana Homeowners in Flood Zones

Sunset Drive homeowner Wally Cantrell’s finished basement was destroyed in the June 2008 flood in Columbus, but his flood insurance policy helped cover a good bit of the repairs. Now, Cantrell wonders if he will soon face a related disaster …