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The insurance hits just seem to keep coming for homeowners in Brunswick County.
Thanks to the federal Biggert-Waters Flood Insurance Reform Act passed in July 2012, flood insurance premiums rose by an average of 10 percent with policy renewals after Oct. 1 last year. That was coupled with a Federal Emergency Management Agency surcharge on policies amounting to 5 percent of those premiums. North Carolina’s legislators at both the state and federal level are still trying to resolve the unintended, unreasonably expensive consequences of the Biggert-Waters Act.
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