Tag: insurance-premiums

A car gets towed while men walk in the flooded waters of Telephone Rd. in Houston, Texas on August 30, 2017 after Hurricane Harvey. FEMA and the NFIP are bumping flood insurance rates for the first time in 50 years as a result of potential climate catastrophe, which may lead to enormous increases for homeowners in the highest risk areas.
FEMA Bumps Flood Insurance Rates for First Time in 50 Years After Consulting Climate Experts
The Federal Emergency Management Agency (FEMA) has revised flood insurance rates for the first time since the 1970s in what it calls “Risk Rating 2.0 – Equity in Action.” New policies will see an increase...