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Fishkind Conversations: Higher flood insurance rates heading for FL homeowners

Hank Fishkind. Photo: Matthew Peddie, WMFE
Hank Fishkind. Photo: Matthew Peddie, WMFE

Florida homeowners: if you live on the coast, brace yourselves for the possibility of higher flood insurance rates.

FEMA is revising its National Flood Insurance Program, which relied on often-outdated maps that kept rates too low and accidentally encouraged development in flood-prone areas.

And according to the cutting-edge technology FEMA’s using now, the biggest rate increases will be in the Sunshine State. Economic analyst Dr. Hank Fishkind tells WMFE’s Nicole Darden Creston how this affects Central Florida.

Nicole came to Central Florida to attend Rollins College and started working for Orlando’s ABC News Radio affiliate shortly after graduation. She joined Central Florida Public Media in 2010. As a field reporter, news anchor and radio show host in the City Beautiful, she has covered everything from local arts to national elections, from extraordinary hurricanes to historic space flights, from the people and procedures of Florida’s justice system to the changing face of the state’s economy.