EagleTribune.com, North Andover, MA

Boston and Beyond

March 24, 2014

Flood insurance in Massachusetts: By the numbers

There are 24,476 flood insurance policyholders in Massachusetts facing premium cost increases as part of changes to the National Flood Insurance Program.

Some of the highlights from an analysis by The Associated Press of data from the Federal Emergency Management Agency:

Percentage of flood insurance policyholders facing an increase: 41.6 percent

Policies facing annual increases up to 18 percent: 17,092

Policies facing mandatory annual 25-percent increases: 7,384

Businesses affected: 1,869

Annual premiums paid in 2013: $73.8 million

Paid flood claims all-time: $345 million

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