https://apnews.com/a0b4547f78cacb6c562d8d3acfe2460d > A revamped U.S. flood insurance program going into effect this month will charge rates the federal government says better reflect a home's risk, a change that could mean higher premiums for coastal mansions and -- for the first time -- reduced rates for others. > The Federal Emergency Management Agency says its new formula means owners of lower-cost homes will no longer be subsidizing the flood risk for pricier, waterfront properties.