Published 2 years ago

FEMA report: Flood insurance hikes will drive 1M from market

Summary by Ground News

FEMA downplayed the report obtained by the AP as a pessimistic projection. Agency said it has not directly studied how many people will buy flood insurance. Most policy holders will now see their rates go up. But for the first time, nearly a quarter of policyholders will see theirs go down.

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Associated Press News

FEMA report: Flood insurance hikes will drive 1M from market

ST. LOUIS (AP) — When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation's flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.

2 years ago·United States

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KVIA

FEMA report: Flood insurance hikes will drive 1M from market

By MICHAEL PHILLIS Associated PressST. LOUIS (AP) — When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.But in a FEMA report obtained by The Associated Press under the Freedom of Information Act, the agency estimates one million fewer Americans will buy flood insurance by t…

2 years ago·Panama City, United States

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MY Northwest

FEMA report: Flood insurance hikes will drive 1M from market

ST. LOUIS (AP) — When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.But in a FEMA report obtained by The Associated Press under the Freedom of Information Act, the agency estimates one million fewer Americans will buy flood insurance by the end of the decade — a sizable nu…

2 years ago·Tacoma, United States

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WPLG

FEMA report: Flood insurance hikes will drive 1M from market

When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation's flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.But in a FEMA report obtained by The Associated Press under the Freedom of Information Act, the agency estimates one million fewer Americans will buy flood insurance by the end of the decade — a sizable number of people at…

2 years ago·Miami, United States

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