Pressure Builds on Congress to Help People Afford Pricey Flood Insurance
https://www.scientificamerican.com/article/pressure-builds-on-congress-to-help-people-afford-pricey-flood-insurance/
Congress is under pressure to subsidize flood insurance costs for low-income households after the federal government announced last week that it would increase flood insurance premiums for millions of homeowners.
Of the 5 million properties insured by the National Flood Insurance Program, about 3.9 million soon will see a hike in premiums—and 200,000 substantially so. The new rates will go into effect in October for new policyholders and April 2022 for homeowners renewing policies (Climatewire, April 2).