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Study: Flood insurance inadequate to cover damage costs in much of Michigan, US
If flood insurance premiums were adjusted to match the actual expected flood damage in many areas of Michigan and the country, rates would skyrocket.
Keith Matheny, Detroit Free Press
Published
5:14 pm UTC Feb. 26, 2021
St. Clair River ice blockages cause flooding in East China Township, surrounding cities
The National Weather Service extended its flood warning through Friday after ice blockages in the St. Clair River caused significant flooding.
Eric Seals and Mandi Wright, Detroit Free Press
A new study comparing rising flood damage costs to premiums paid for federal flood insurance finds thousands of locations across the country including in Michigan that would need to pay hundreds or thousands of dollars more per year to cover their risk.