If flooding were a real concern for Taylor Rambo in Burlington City, N.J., he says he wouldn’t have built a bar in his basement. Yet he pays about $2,700 each year for flood insurance that he is required to have …
For Gay Alexander, Superstorm Sandy “is not over,” she says, her voice cracking as she speaks about the cost for flood insurance on her damaged, waterfront Long Island home. The single mother of two doesn’t have the money to fix …
Homeowners living in flood-prone areas are getting relief from big spikes in insurance costs under legislation President Barack Obama signed into law last Friday. Lawmakers from both parties supported the measure in response to angry homeowners who faced sharp premium …
Steep rate increases for flood insurance are hitting homeowners and businesses across south Louisiana, and state officials and business leaders warn the increases could severely damage local economies. Despite the calls for alarm, Gov. Bobby Jindal has largely stayed quiet …
