Flood insurance rates may surge
Wednesday, July 11th, 2007 Catastrophe Property Risk ManagementThousands of coastal residents could see their flood insurance premiums rise this fall because North Carolina hasn’t adopted the latest international building codes on wind-borne debris. But the N.C. Building Code Council, a board dominated by development interests, said doing so could price many middle- and lower-income residents out of the housing market.
External References & Further Reading
http://starnewsonline.com/article/20070706/NEWS/707060410&SearchID=73286755978178
