flood insurance rates News

FEMA Says Flood Insurance Rates Going up Again This Year

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 …

North Dakota Town Sees Rising Flood Insurance Costs

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 …

New Jersey Senator Pushes Delay to Flood Insurance Hikes

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 Flood Insurance Rates in Douglas County Rise

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 Joins Lawsuit to Block Flood Insurance Hike

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 …

Few Support Delaying Changes in Flood Insurance

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 …

Looming Flood Insurance Rate Hikes Worry Galveston

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 …

Lawmakers Push to Delay Huge Flood Insurance Hikes

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 …

Rising Cost of Flood Insurance Will Create Challenges for NYC: RAND

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, …

New Jersey Second Homeowners in Limbo a Year After Sandy

The Jersey shore’s small vacation bungalows and cottages have for decades staked out little plots of paradise where families who scrimped and saved could while away summer evenings, parents having drinks on the deck and kids working the ice cream …