Milford residents unsatisfied with new law capping increase on flood insurance premiums

Residents in Milford say that even with the

Residents in Milford say that even with the limit, flood insurance is too expensive. (March 24, 2014 6:56 PM)

Residents in Milford say the new law that limits increases in flood insurance premiums only goes so far to help homeowners.

The law was passed by Congress last week and signed by President Barack Obama on Friday. The law says premiums for flood insurance can't increase by more than 18 percent annually.

In Milford, where a third of the homes are located in a flood zone, many homeowners...

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