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Flood insurance premiums to go up for many homeowners due to more frequent, powerful storms

Source: wafb.com - Nov 16, 2017

The House has passed legislation that will increase flood insurance premiums for many property owners to help firm up a program under stress from ever-more frequent and powerful storms.

The bill's passage Tuesday was secured when sponsors agreed to accommodate lawmakers determined to protect constituents from steeper rate hikes.

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Category: General Business