Michigan Homeowners Dread Flood Insurance Rate HikesKatherine Calhoun gets nervous this time of year. She nods toward the rear of her home, where Ecorse Creek moseys through Dearborn Heights.
Michigan Homeowners Dread Flood Insurance Rate HikesWhen the Calhouns bought their house 22 years ago, they paid $300 annually for flood insurance. That bill is now $800.
Congress Clears Bill To Ease Flood Insurance HikesCongress passed a bill scaling back flood insurance premium increases, allowing below-market insurance rates to be passed on to people buying homes.
Flood Watch/Warning In Effect A flood watch remains in effect for all of southeast Michigan, and a warning was issued for some areas.
House Acts To Overhaul Flood Insurance ProgramCongress is trying to restore new fiscal life to a four-decade-old federal flood insurance program that was nearly sunk by Katrina and other 2005 hurricanes.