Ten states and dozens of municipalities are suing the Biden administration over rate hikes in the National Flood Insurance Program. That program offers coverage in high-risk flood areas and is administered by FEMA.
Tag: Risk 2.0
FEMA Report: Flood Insurance Hikes Will Drive 1M from Market
When pressed by members of Congress, the Federal Emergency Management Agency (FEMA) stated that its new update to the nation’s flood insurance program will encourage more people to sign up for coverage, despite the fact that many will pay more for it. However, according to a FEMA report obtained by The Associated Press under the… Continue reading FEMA Report: Flood Insurance Hikes Will Drive 1M from Market