Leaders in a northwestern Ohio city that has seen more than its share of flooding say the Federal Emergency Management Agency has threatened to put the its flood insurance program on “probation.”
Officials in Findlay say that could increase the cost of flood insurance premiums.
The Courier newspaper in Findlay reports that FEMA wants the city to resolve more than 100 property issues the agency has identified, or else it might force the higher premiums.
Findlay’s mayor says she doesn’t believe the city’s flood insurance program status is in jeopardy. She thinks what is happening now is because the city is trying to join a rate-reduction program for flood insurance.
The city has had five major floods since 2007 that have brought millions of dollars in damage.
Was this article valuable?
Here are more articles you may enjoy.
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation
More Insurance M&A Deals on the Horizon?
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force
A Little Behind Schedule, But Execs Say Sypher Insurance is on Track for May Debut 

