In 2021, the National Flood Insurance Program (NFIP) began a major pricing reform to better align premiums with property-level #flood risks and to improve the solvency of the program. However, as the authors of this #JCRR article indicate, “past experience shows that when #insurance prices increase, many homeowners [...] simply drop or reduce coverage and maintain their location choices, leaving them financially vulnerable in the event of flooding”: https://journalofcrr.com/research/03-07-gourevitch-et-al/

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