Questions Remain on Flood Insurance Increase
From the Stockton Record:
“The federal government’s revamped flood-insurance program is starting to take effect, but the first question for homeowners in Stockton and across the country is yet to be answered: Exactly how much will flood insurance rates go up?
“Congress passed legislation last year requiring the debt-laden National Flood Insurance Program to phase out subsidized and discounted rates in favor of rates that reflect the actual risk for any one property, should a flood occur.”