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Insurance Rates Go Up for Coastal Landowners

Don Rush

The new flood maps for Ocean City could result in some property owners paying higher insurance premiums.

WBOC reports that Congressman Andy Harris’s office says that the hazard map will cost some of them hundreds of thousands of dollars.

The Federal Emergency Management Agency said that the new flood maps do not include private, landscape areas that are deemed secondary dunes.

It said that only the primary frontal dunes which include Army Corps of Engineers Storm Protection Project.

Norfolk

NORFOLK, Va. (AP) - Norfolk officials are urging residents to take notice of proposed changes to federal flood insurance rate maps in the wake of Hurricane Matthew.

The Virginian-Pilot reports that the rate maps would require some landowners to buy coverage and put some properties in new risk areas.

The proposed changes would add more than 400 parcels to the highest risk category and would remove about 600 properties from zones requiring flood insurance on federally backed mortgages.

The Norfolk Planning Commission held a public hearing on the proposed changes Thursday afternoon. The Norfolk City Council is expected to vote on the proposed changes in December.

Don Rush is the News Director at Delmarva Public Media. An award-winning journalist, Don reports major local issues of the day, from sea level rise, to urban development, to the changing demographics of Delmarva.