Reworking New York's Flood Map Post-Hurricane Sandy

The new map could put twice as many homes in the flood zone and raise premiums for many homeowners.

propublica.org - by Al Shaw - June 12, 2013

. . . while Sandy’s water has long receded and the bulldozers have left, a residual effect for homeowners along the city’s coastline still lurks quietly beneath the surface. It comes in the form of a July 2012 law called the Biggert-Waters Act, which will end subsidized rates for property owners who are remapped into more severe flood zones, increasing their flood insurance premiums 20 percent a year until they reach market rates, and will apply those higher rates for newly purchased property.

The potential increases, which proponents say are necessary to sustain the National Flood Insurance Program, are not widely understood by residents, and may be catching them unprepared.

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Biggert-Waters Act - Flood Insurance Reform Act of 2012

(ALSO SEE SAME ARTICLE PUBLISHED HERE)