US flood mapping cuts could lead to premium hike
Insurance premiums could rise if the Trump administration cuts back
the National Flood Insurance Program's Flood Hazard Mapping
Program, the Consumer Federation of America (CFA) has said.
The organisation warned consumers that the cost of flood
insurance would rise to pay for mapping after the Trump
administration proposed to make $190mn in savings by cutting the
discretionary aspect of the mapping program.
If flood mapping is not updated, it could also lead to
construction on unsuitable areas,
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