Saturday, August 17, 2013

Robert Hartwig, Flood Insurance Rates Surge, The Willis Report

Robert Hartwig of the Insurance Information Institute on FOX discussing the recent rise in flood insurance cost. The Flood Insurance Program is currently carrying a debt and because of this subsidies are being cut for many homeowners who have a flood policy in flood-prone areas. These cut backs will mean a break for taxpayers but for some homeowners their policies will rise in cost.

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