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Proposed Overhaul of Federal Flood Insurance Program Would See Premiums Skyrocket for New Homes in Coastal Areas

If approved by Congress — a big if — the federal government would stop issuing flood insurance altogether for new homes in flood-prone areas and drop coverage for some homeowners.

Floodwaters pulled this house into Rock Creek at Red Lodge, Montana, seen June 14, 2022.

Floodwaters pulled this house into Rock Creek at Red Lodge, Montana, seen June 14, 2022. AP/Matthew Brown

SCOTT NORVELLIMAGE

SCOTT NORVELL

Wednesday, June 15, 2022

01:57:25 pm

author

SCOTT NORVELL

Mr. Norvell has more than 30 years experience in the media business, primarily with start-ups. He helped launch CNN’s first online news product in 1995, and was recruited to launch the Fox News Channel in 1996 as its first Latin America bureau chief. His reporting and writing has appeared in The New York Times, The Washington Post, Time and Fortune magazines, The Miami Herald, the Los Angeles Times, and others.

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