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Rise govt insurance rates to mirror rising waters, flood debt

2015-03-29 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Washington Post: At her small beach house that sits in a flood zone, Nancy Loft-Powers worries. The prospect of rising water, she said, isnt what bothers her. Its the expected rise in the cost of her $7,500 yearly flood insurance. My insurance is more than my mortgage, Loft-Powers said in a phone interview from her year-round home in Deerfield Beach, Fla., near Fort Lauderdale. I live by the beach in an old neighborhood. I pay [too much] insurance for a crap house thats not great. This April Fools Day,...

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