New federal flood insurance rates designed to better reflect the real risks of climate change are on the way. The changes to the National Flood Insurance Program mean three-fourths of existing policyholders across the nation will see higher flood insurance…
Flood insurance premiums could rise as much as four times more than their current rates in the next few years when the first major update to the beleaguered National Flood Insurance Program in 50 years begins to take effect in October.