Your Flood Insurance Premium Will Probably Rise. Climate Change And Coastal Development Are To Blame

The NFIP owes more than $20 billion, money it’s had to borrow, for the most part, over the past 15 years amid intensifying floods and a proliferation of coastal development. Now FEMA, which administers the NFIP, has a plan to stabilize the program by a new rating system called Risk Rating 2.0: Equity in Action. CLICK ON THE HEADLINE FOR MORE