Higher flood insurance rates are likely, FEMA chief says

03/26/2013 | Washington Post, The · Palm Beach Post (Fla.), The

National Flood Insurance Program policyholders should prepare for major rate increases over the next three to four years, says Craig Fugate, head of the Federal Emergency Management Agency. Fugate made his remarks at the National Hurricane Conference, where Richard Knabb of the National Hurricane Center said tropical-weather forecasts may expand to five-day outlooks. "We know you have a need to know the formation potential beyond two days," Knabb said.

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Washington Post, The · Palm Beach Post (Fla.), The

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