Insurance Rates Seen Rising in Flood-Prone Areas With Trump Plan
Bloomberg, Mar. 12, 2019–Christopher Flavelle
FEMA said it didn’t yet know what the effect of the new system would be on premiums. But rates are likely to go up in neighborhoods with the greatest exposure to flood risks, which could hurt property values in those areas, according to Michael Berman, a former chairman of the Mortgage Bankers Association.
