Climate Threats Could Mean Big Jumps in Insurance Costs This Year

The federal government is revising rates for flood coverage on April 1. New data suggests premiums need to increase sharply for some homes.

Climate Threats Could Mean Big Jumps In Insurance Costs This Year

The New York Times – by Christopher Flavelle

WASHINGTON — The cost of federal flood insurance will need to increase significantly in much of the country to meet the growing risks of climate change, new data suggests, creating a political headache for the Biden administration.

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