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FEMA Is Changing Its Flood Insurance Program. Here’s How It Will Impact Texans

Thursday, June 24, 2021

Roughly 86% of Texans with federal flood insurance could see their premiums go up next year when a new program goes into effect, according to data from the Federal Emergency Management Agency.

FEMA's National Flood Insurance Program is revamping how it calculates flood risk for the first time in 50 years to better reflect a property's flood risk and to be able to "adapt and re-adjust rates based on a changing, unpredictable climate," according to the agency.