flood insurance

Environment
2:02 pm
Wed January 1, 2014

Federal Flood Insurance Program Drowning In Debt. Who Will Pay?

Even when a flood obliterates homes, as Superstorm Sandy did in 2012 in the Rockaway neighborhood of Queens, N.Y., the urge to rebuild can be strong.
Spencer Platt Getty Images

Originally published on Wed January 1, 2014 10:42 am

Millions of American property owners get flood insurance from the federal government, and a lot of them get a hefty discount. But over the past decade, the government has paid out huge amounts of money after floods, and the flood insurance program is deeply in the red.

Congress tried to fix that in 2012 by passing a law to raise insurance premiums. Now that move has created such uproar among property owners that Congress is trying to make the law it passed disappear.

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Society
3:01 pm
Mon December 3, 2012

Lyon Co. Set to Repeal Flood Insurance Ordinance Due to Inaccurate Maps

Credit http://premiermeansbusiness.com/wp-content/uploads/2008/11/flood.jpg

The Lyon County Fiscal Court plans to repeal its flood insurance map ordinance because it’s causing a burden to some homeowners. The ordinance that went into effect in August includes the county for the first time in the National Flood Insurance Program, allowing property owners to get flood insurance and qualify for federal disaster relief.

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