BOISE, Idaho - More than 1,400 flood insurance policies in Idaho are facing hefty premium increases despite a congressional fix intended to limit the worst of the rate hikes.
More than a million U.S. policyholders will be required to pay higher annual premiums as the federal government cuts subsidies in an effort to cover the National Flood Insurance Program's $24 billion deficit.
Coastal states will bear the largest burden. But in landlocked states such as Idaho, older communities along rivers will be particularly affected.
An Associated Press analysis of Federal Emergency Management Agency data found that 440 Idaho policies face 25 percent increases, and more than 1,000 face 18 percent hikes.
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