FEMA hikes flood insurance by 25 percent in southwest Florida, citing substandard post-Hurricane Ian rebuilds.
Florida's insurance saga is deepening as more than 115,000 homeowners in the southwest portion of the state, still reeling from the destruction wrought by Hurricane Ian in 2022, are facing new challenges with a 25 percent increase in flood insurance rates.The rate hike, according to the Federal Emergency Management Agency , is attributed to local officials reportedly allowing substandard rebuilding efforts, failing to meet the stringent federal standards required for flood-damaged homes.
saying that the local officials allowed many policyholders to stay below the 50 percent mark and avoid a total rebuild and elevation, while the local officials say the federal government's sudden change in the NFIP's discount policy, without direct communication or detailed justification, feels unduly harsh, especially given the ongoing recovery efforts.
's decision suggests a failure on the part of local governments to uphold the standards, particularly in the wake of Hurricane Ian's destruction.The agency has cited instances of unpermitted rebuilds and insufficient documentation as key factors leading to its measures against Lee County and its cities, according to a report issued Monday by Insurance Journal.The response from local government leaders has been one of frustration and defiance.
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