Howard Braxton

Local - March 24
5:00 am
Tue March 25, 2014

Do Flood Insurance Hikes Spell the End of Coastal Living?

Topsail Beach, North Carolina

The National Flood Insurance Program is working its way out of bankruptcy following Hurricanes Katrina and Sandy--but its plan involves sharp premium increases for coastal property owners. This population includes more than 17,000 North Carolinians--many of whom stand to have their flood insurance rates triple this year. Coastal community leaders are busy voicing their concern to federal and state legislators. To strengthen their argument at the federal level, leaders from communities such as Topsail Beach plan to band together across North and South Carolina’s coast.

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