News

Washington state flood insurance premiums to rise

Washington state flood insurance premiums to rise

Photo: clipart.com

AP News

OLYMPIA, Wash. – More than 13,000 federally subsidized flood insurance policies in Washington state are facing hefty premium increases, despite a rate relief law signed by President Barack Obama.

In 2012, Congress passed a law requiring policyholders receiving subsidies to start paying rates based on the true risk of flooding at their properties.

After public outcry over the premium hikes, Congress passed legislation earlier this month pulling back some of the immediate rate hikes.

However, approximately 1.1 million policyholders still will be hit with annual premium increases year after year, until the government is collecting what it needs to pay out claims.

In Washington, more than 9,100 homeowners face an annual increase of 18 percent.

Nearly 4,000 businesses or second homes will see 25 percent hikes each year.

Recent Headlines

in Sports

Maria Sharapova beats Peng in 4th round at Australian Open

Maria Sharapova of Russia chases down on a shot to Petra Martic of Croatia during their first round match at the Australian Open tennis championship in Melbourne, Australia, Monday, Jan. 19, 2015.

Second-seeded Maria Sharapova is through to the Australian Open quarterfinals after a 6-3, 6-0 win over China's Peng Shuai on Sunday.

in Sports

Cubs great Ernie Banks dies

File Photo: Ernie Banks 2013
Credit :	Travis Jourdain/WENN.com
Special Instructions :

The Chicago Cubs say Hall of Famer and two-time MVP Ernie Banks was 83 when he died Friday night. The team did not provide a cause of death.

in Sports

Belichick on deflated balls

New England Patriots head coach Bill Belichick on the sidelines in the first half of an NFL preseason football game against the Carolina Panthers, Friday, Aug. 22, 2014, in Foxborough, Mass.

FOXBOROUGH, Mass. (AP) — New England Patriots coach Bill Belichick is defending the way his team preps its game balls…

in Entertainment

This weekend in entertainment history

In this film publicity image released by 20th Century Fox, the character Neytiri, voiced by Zoe Saldana, left, and the character Jake, voiced by Sam Worthington are shown in a scene from, "Avatar." The film was nominated Tuesday, Feb. 2, 2010 for an Oscar for best picture. The 82nd Academy Awards will be presented on March 7.

A look back on some of Hollywood's most notable headlines.

in Sports

Kobe to be re-examined before deciding injury fate

Los Angeles Lakers guard Kobe Bryant (24) drives against New Orleans Pelicans guard Quincy Pondexter (20) during the second half of an NBA basketball game, Wednesday, Jan. 21, 2015, in New Orleans. The Pelicans won 96-80.

Bryant was examined Friday in Los Angeles. He tore his rotator cuff Wednesday in New Orleans.

Bellingham Traffic