Flood insurance premiums set to spike for 20,000+ policyholders in Lafayette Parish
20,965 policies in Lafayette Parish will spike, according to data provided by FEMA, which oversees the NFIP.
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National Flood Insurance Program
Big, potentially costly changes coming for national flood insurance program
The gist: FEMA will soon announce an overhaul in how it calculates flood risk. The changes, first reported by Bloomberg, could increase premiums, lower property values and change public perception.
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