Quantcast
Get breaking news alerts via email

Click here to manage your alerts
No easy fix on flood insurance, but options exist
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

New York • There's no easy fix for the National Flood Insurance Program, now drowning in $24 billion of red ink.

But experts say Congress does have options to make the program financially stable, more affordable and more effective at protecting waterfront communities.

Lawmakers this month tweaked the troubled program after acknowledging that a previous overhaul had socked policyholders with rate hikes they couldn't afford. But at least 1.1 million policyholders are still likely to see premiums rise substantially. An AP analysis found hundreds of places where future rate hikes might make it tough for people to keep their homes.

Some ideas fox a long-term fix include low-interest loans to help people elevate or flood-proof their homes and vouchers for those who truly can't afford high rates.

Article Tools

 Print Friendly
 
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.