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  • Congress Restores Subsidy for High-Risk Flood Insurance

    Updated: Tue, Mar 18, 2014

    Catastrophic damage to your home is probably one of your worst nightmares as a homeowner, whether you live in a blizzard-prone area, a region wracked by earthquakes, or a floodplain. The National Flood Insurance Program addresses at least one of those issues by providing subsidized insurance to homeowners who need coverage for homes at severe risk of flooding. After some Congressional wrangling over the program and significant proposed changes, Congress appears to be backing off, retaining major subsidies for qualifying homeowners.  This is mixed tidings.