FEMA Flood Insurance Overhaul

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Manage episode 229611818 series 2394432
By Kathy Fettke: Real Wealth Network and Kathy Fettke - Real Wealth Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
A major overhaul of the National Flood Insurance Program is finally underway in Congress. It’s been in desperate need of reform for years as storms grow more severe and the program falls into more debt. The new plan is expected to increase insurance rates in flood-prone areas. It could also impact home values in those areas, but the cost to insure individual homes will more accurately reflect the ongoing risk. www.NewsForInvestors.com

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