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Flood insurance program updates hit homeowners hard

May 16, 2023
In some counties, the rates for property owners have increased on average more than 600 percent.
The federal government's flood insurance program is now more accurate in its risk assessment. That's affecting the price of buying insurance for many homeowners.
David Greedy/Getty Images

Congress votes to reduce flood-insurance rates—that they raised

Mar 5, 2014
In 2012, Congress updated the National Flood Insurance Program, to reflect higher risks and costs. Now, it wants do-overs.