Biggert-Waters Flood Insurance Reform Act of 2012 News

In Maine, 3,300 Policyholders Likely to See Flood Insurance Rate Increases

Thousands of Maine homeowners and businesses could see their rates for flood insurance rise as the federal government attempts to put the troubled National Flood Insurance Program back on sound financial footing. Most of the communities with the largest number …

In Delaware, Over 3,600 Policyholders Face Flood Rate Hikes

Premiums for thousands of Delaware property owners may increase significantly because of changes to the National Flood Insurance Program, but it seems many residents may not know about impending rate hikes of up to 25 percent. “We have been hearing …

Rhode Islanders Grapple With Rising Flood Insurance Premiums

Steve Morris lives in a century-old restored cottage on a tucked away corner of Narragansett Bay in Rhode Island. The home survived big hurricanes in 1938 and 1954, and Morris has never worried about flooding. But the home is now …

In Maryland, 12K Residents Face Steady Rise in Flood Premiums

Changes in the federal flood insurance program are likely to mean higher premiums for thousands Maryland residents, and not just those living in Ocean City or along the Chesapeake Bay. Residents of smaller inland towns like Federalsburg, where the percentage …

Thousands in New Hampshire Still Face Flood Premium Hike

Realtor Bob Preston has lived on New Hampshire’s seacoast his entire life and his family has sold and rented properties there for decades. He’s never had a property flood but still pays for federally mandated flood insurance. Like thousands of …

In Vermont, 2,400 Residents Likely to See Their Flood Premiums Rise

Much of downtown Montpelier, Vermont, is perched along the banks of the North Branch of the Winooski River, a waterway that has poured into buildings, forcing many homeowners to purchase flood insurance. Now 242 Montpelier residents who receive subsidized federal …

Few D.C. Residents Affected in Flood-Insurance Debate

While the federal government wades through a complicated effort to keep the National Flood Insurance Program solvent, the capital city has very little at stake in the debate. That could be changing, though. Data compiled by The Associated Press show …

Pennsylvania River Towns Facing Rising Flood Insurance Rates

Jeff King had put his house in Wilkes-Barre, Penn., up for sale for $90,000 last year, put off by the city’s struggles with crime and the desire for a better school district for his four children, when he got a …

New Flood Insurance Law Only Slows Rate Hike for 14K Conn. Property Owners

Stephen Nelson and Mary Anne Mayo are still struggling with the destruction from Superstorm Sandy, nearly 18 months after it swept through their Westport, Conn., home, taking their first-floor belongings into the Saugatuck River. The couple, relying on federal flood …

In Virginia, Over 20K People May See Flood Insurance Rate Hikes of Up to 25%

More than 20,000 Virginia homeowners and businesses could see their rates for flood insurance rise up to 25 percent as part of an attempt to put the troubled National Flood Insurance Program back on sound financial footing, potentially socking many …