Despite federal law requiring coverage, many thousands of US homeowners in Hurricane Dorian's path could lose out after letting flood insurance policies lapse. Figures revealed that on 2011, 508,731 federal policies were active in Florida, Georgia, North Carolina and South Carolina, 31% fewer than the 734,445 in 4 September 2019. The drop is part of a wider national trend, partly driven by rising premiums under the National Flood Insurance Program, which is run by the Federal Emergency Management Agency.
Despite federal law requiring coverage, many thousands of US homeowners in Hurricane Dorian's path could lose out after letting flood insurance policies lapse. Figures revealed that on 4 September 2019, 508,731 federal policies were active in Florida, Georgia, North Carolina and South Carolina, 31% fewer than the 734,445 in 2011. The drop is part of a wider national trend, partly driven by rising premiums under the National Flood Insurance Program, which is run by the Federal Emergency Management Agency.