Rising Flood Insurance Costs a Growing Burden to Communities and Homeowners in New York City
March 27, 2017
March 27, 2017
WASHINGTON, March 27 -- The RAND Corporation issued the following news release:
Flood insurance is already difficult to afford for many homeowners in New York City, and the situation will only worsen as flood maps are revised to reflect current risk and if the federal government continues to move toward risk-based rates, according to a first-of-its-kind study by the RAND Corporation.
RAND researchers found that flood insurance is currently difficult to afford for 25 . . .
Flood insurance is already difficult to afford for many homeowners in New York City, and the situation will only worsen as flood maps are revised to reflect current risk and if the federal government continues to move toward risk-based rates, according to a first-of-its-kind study by the RAND Corporation.
RAND researchers found that flood insurance is currently difficult to afford for 25 . . .