Corps Of Engineers Projects 2-Ft Sea Level Rise By 2060 - Dead Silence From Talahassee

[HooptieWagon]

5. What is interesting...

...is that the new federal flood insurance hikes supposed to go into effect aren't hitting the beachfront and waterfront homes as heavily as they are the more modest homes. And its questionable if higher rates are even needed. In St Petersburg, theres a low-lying neighborhood called Shore Acres, which floods regularly. The City has raised the streets and improved drainage, and some houses have been raised, but it still scheduled for HUGE flood insurance rate hikes as its one of the most flood-prone areas based on insurance claims. Yet, the premiums paid over the past 30 years are more than 8 times as much as the amount of claims filed. This was per a recent article in the Tampa Bay Times. The article went on to point out that the heavy claims payments causing money woes in the federal program are mostly Katrina and Sandy related.