• Homeowners advised to check on flood insurance after new law established

    Updated:

    Homeowners may want to check on their flood insurance.

    A new law went into effect in October that phases out subsidies for older homes.

    That will drive up premiums for hundreds of thousands of people.

    Plus, the government is re-drawing its flood maps, putting millions of homeowners into flood zones for the first time.

    The changes will help boost the federal program, which is $30 billion in debt.

    Next Up: