New Flood Insurance Rates Still Subsidize Coastal Development

FEMA says new rates are more fair. But homeowners can still skip buying insurance, premiums may still not price in severe climate risk, and the program remains insolvent.


You can count on the Prospect, can we count on you?

There's no paywall here. Your donations power our newsroom as we report on ideas, politics and power — and what’s really at stake as we navigate another presidential election year. Please, become a member, or make a one-time donation, today. Thank you!