When Rising Seas Transform Risk Into Certainty – The New York Times


Ten years later, Staton’s rec room had been flooded twice, and her insurance premiums, like those of many coastal property owners, had skyrocketed. She was seeing the effects not only of those local floods but also of rising waters elsewhere. As storm damage becomes more costly, it has left the N.F.I.P. tens of billions of dollars in debt and federal officials scrambling to bridge the divide between the rapidly growing expense of insuring these properties and the comparatively tiny, taxpayer-subsidized premiums that support it.

 

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