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Flood insurance

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Current Event January 2, 2014

Flood Insurance

The federal government provides discount flood insurance. But after paying out many insurance claims in flood prone areas, the program is deeply in debt. So in 2012 Congress raised the flood insurance rates. But there was such an uproar that now Congress wants to roll back the increase. Listen to this story about the complex obligations behind flood insurance.


Story Length: 4:16

Listen to the Story:



AIR DATE: 01/01/2014

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