flood insurance News

Flood Insurance Costs Rise in Areas Once Deemed Lower Risk

WASHINGTON (AP) –In the past year, the southwestern Louisiana city of Lake Charles weathered two hurricanes, intense rainfall that sent water gushing down streets and a deep freeze that burst pipes. Yet Tommy Eastman may eventually drop coverage on his …

Analysis: Louisiana Braces For Flood Insurance Sticker Shock

BATON ROUGE, La. (AP) — Hundreds of thousands of Louisiana homeowners, many of them still digging out of Hurricane Ida’s destruction, will soon see rising flood insurance bills. But the federal government is providing few details about how much its …

After Northeast Flooding, Insurance Woes Swamp Residents

NEW YORK (AP) — After being pummeled by two tropical storms that submerged basements, cracked home foundations and destroyed belongings, Northeastern U.S. residents still in the throes of recovery are being hit with another unexpected blow: Thousands of families are …

U.S. Rolls Out First Update to Flood Insurance Pricing in 50 Years

NEW YORK — Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency (FEMA), the first major update to …

Emergency Experts Contemplate What FEMA Should Do Next

Perhaps no single federal agency has been tested as much by 2020 as the Federal Emergency Management Agency. It has been a year of disaster. In addition to Covid-19, it was the busiest Atlantic hurricane season on record, and wildfires …

Mississippi Residents Still Recovering 2 Months After Flood

OLIVE BRANCH, Miss. — Frances Ivonne Brensdal woke up June 7 to find her Olive Branch home flooded after a night of record rainfall, which left her family and others displaced. She didn’t even know it was raining. “My neighbor …

As Sea Levels Rise, Homes Continue to Sprout in U.S. Flood Zones

NEW YORK — New homes are going up fastest in high-flood risk areas in many U.S. coastal states, scientists said on Wednesday, despite increasing awareness that global warming has made living in such areas even more risky. Science and communication …

Climate Advocates Cheer Trump Policy Shift on Flood Insurance

About the photo: A member of a search and rescue team wades through floodwaters after Hurricane Florence in Carolina Beach, North Carolina on Sept. 17, 2018. Photographer: Callaghan O’Hare/Bloomberg Climate advocates say an overhaul of the nation’s flood insurance program …

Trump Flood Insurance Plan May Increase Premiums, Reduce Property Values

Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is calculated under the National Flood Insurance Program. …

Flood Insurance Rebuilds Homes with Public Money Repeatedly

Floodwaters rose about 15 inches (40 centimeters) into Danielle Rees’ home in September when Hurricane Florence drenched this tidewater city on the Pamlico River and overwhelmed a local creek and marshland. The first floor was a sopping mess of gritty, …