Flood insurance rates may spike in Vermont

Flood Insurance and reinsurance

Flood insurance could become costlier in Vermont and elsewhere With the Eastern U.S. having been battered by recent storms, flood insurance is at the forefront of many homeowners’ minds. Before the summer is over, the East Coast is likely to experience further storms, though the severity of these potential disasters is impossible to determine currently. While natural disasters may be unpredictable, Vermont officials are preparing for the worst case scenario, and that means warning residents of the potential for rising flood insurance rates. Regulator warns of impending rate increase The…

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