The hard math of flood insurance in a warming world

Time: Thousands of homeowners in flood-prone parts of the country are going to be in for a rude awakening. On Oct. 1, new changes to the National Flood Insurance Program (NFIP), which offers government-subsidized policies for households and businesses threatened by floods, mean that businesses in flood zones and homes that have been severely or repeatedly flooded will start going up 25% a year until rates reach levels that would reflect the actual risk from flooding. (Higher rates for second or vacation......

Read Complete Article at Water Conserve: Water Conservation RSS News Feed

You can leave a response, or trackback from your own site.

Leave a Reply