Flood insurance rates will skyrocket but City has opportunity to reduce your premiums by 45%
FBW | January 30, 2013 The National Flood Insurance Program collects annually about $3.5 billion in premiums. Four times in the past eight years, however, claims paid out have exceeded premiums collected. In 2005, after Hurricane Katrina, claims totaled $17.7 billion. The claims paid for superstorm Sandy are expected to reach $7 billion. In [...]