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THURSDAY, NOVEMBER 26, 2009
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PREMIUM NEWS ARCHIVE

Midwest lags on flood insurance coverage Federal disaster aid will help

Article from: The Boston Globe Article date: July 21, 1993 Author: Peter G. Gosselin, Globe Staff

WASHINGTON -- Rain-soaked Midwesterners have had enough flooding to last a lifetime. What they are about to discover they do not have nearly enough of is flood insurance.

The lack of coverage could force taxpayers elsewhere to pick up hundreds of millions of dollars in extra costs.

All across the upper Mississippi River drainage basin from Minneapolis to St. Louis, Midwesterners have consistently refused to buy government-sponsored flood insurance, relying instead on federal disaster relief, according to federal officials and statistics. As ...

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