Frequent Flooders Drain Federal Insurance Program

People leaving flood-prone areas

Payouts for properties that flood repeatedly have been a sticking point in congressional talks on a revamped flood insurance program, which may come up for a House vote this month. Such properties have been a huge drain on the financially troubled program, with some 750 properties costing the National Flood Insurance Program roughly $800 million… Continue reading Frequent Flooders Drain Federal Insurance Program