Takeaways from the AP’s analysis on the fundamental flaws in the national flood insurance program
An AP analysis highlights fundamental flaws in the national flood insurance program as climate change increases flood risks and fewer people purchase coverage.
WASHINGTON (AP) — The nation’s flood insurance program struggles to balance affordability, flood protection and cost to taxpayers, leaving millions vulnerable at a time when climate change is driving flood risk higher. Nationwide, just 2.4% of properties are covered by 4.5 million federal flood insurance policies, an Associated Press analysis shows — but 8.4% are […]
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