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Increased premiums included in last year’s flood insurance reform package are starting to make waves in coastal states.
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Federal authorities have approved hundreds of millions of dollars of funding to help New York State buy out homeowners in threatened shore areas. But most storm victims would rather rebuild.
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The Texas legislature is taking on a reform effort for the Texas Windstorm Insurance Association, the state’s troubled insurance pool for high-risk coastal houses.
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FEMA is set to revise its recently released “advisory” flood zone maps for Staten Island, the agency has told local leaders. Many areas will change from V zones to A zones. Velocity zones in New Jersey, already incorporated into some towns’ zoning rules, may also shrink.
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The New York Times takes a look at the effort by homeowners in the Hurricane Sandy impact area to elevate their houses.
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An engineer investigating flood insurance claims sheds light on the mechanisms of damage.
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Expansive new FEMA flood zones have New York and New Jersey residents complaining. But in Vermont, the old maps have left flooded-out homeowners high and dry.
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New floodplain maps combined with rising flood insurance premiums will hammer residents of Somerset County, Maryland, according to a press report.
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Some homeowners may be forced out. Others may be able to rebuild, better. But one thing’s for sure: Things are going to change in Union Beach, New Jersey.
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The NFIP paid a Staten Island homeowner $10,000 for flood damage to her first floor. Now they say the space was a basement — and they want their money back.