Government Looks To End Flood Insurance Program - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Government Looks To End Flood Insurance Program

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(WLNS) - Thousands of Michigan homeowners are facing soaring premiums because of a $24 billion debt.

The federal government wants to end the decades-old National Flood Insurance program.

The program created low-price insurance policies for houses built before 1975 in flood-prone areas.

More than 11,000 policies for primary residences could see premiums go up 18 percent per year.

About 2,600 business and vacation home premiums will rise 25 percent.

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