In the News Many people hit by Hurricane Florence may not have the flood insurance to pay for damages
Speaking to McClatchy, R.J. Lehmann, a flood insurance specialist with the Washington, D.C. think tank R Street Institute, estimates that in the Carolinas, Virginia, and Georgia there are 400,000 homeowners who have federal flood insurance policies. This equals $106 billion in coverage. Should only 10 percent of these homes sustain damage, he said, this will mean $10 billion in flood insurance payments.
