Flood Insurance

The Biden administration this week urged a federal judge to reject a challenge by Florida and other states to an overhaul of the National Flood Insurance Program that has led to higher premiums for many property owners.

New estimates from a data analysis company shows home insurance premiums in Florida have actually been rising faster than in any other state — a lot faster.

The lawsuit claims the overhaul of the National Flood Insurance Program will drive up homeowners' insurance rates for more than 1 million Florida policies.

The policy will force homeowners to also buy flood insurance — even if their homes aren’t in designated flood zones.

FEMA says its new rates better reflect the risk from more intense and frequent rain and floods. The increase could make housing unaffordable for some in the most flood-prone areas.

Risk Rating 2.0 is the first major change to the National Flood Insurance Program since the 1970s.

Risk Rating 2.0 is the first major change to the National Flood Insurance Program since the 1970s.

Risk Rating 2.0 is the first change to the way the National Flood Insurance Program calculates premiums since the 1970s and represents the biggest shift since the program was founded in the 1960s.

More than 4 million homes face substantial risk of expensive flood damage, a research organization says. Communities where flood insurance is already unaffordable face potentially catastrophic damage.

More than 130 groups across the country, including eight in Florida, are calling on Congress to create a federal flood risk disclosure requirement.

About 114,000 more Florida properties are at risk of flooding in a 100-year storm than the Federal Emergency Management Agency currently estimates,…