Sandy victims face skyrocketing flood insurance

Now watching

Next video starts in : 7 Play

Sandy victims face skyrocketing flood insurance

Sandy victims face skyrocketing flood insurance
Replay video
Up next

Meet the 24-year old who could get Kanye West elected

Unlock your personal NFL Now stream by signing in to NFL.com

Sandy victims face skyrocketing flood insurance

by CBSTV Videos 2:41 mins

Congress passed a law to close a $24 billion deficit in the federally subsidized flood insurance program, but a million homeowners in flood zones will see their rates rise dramatically. Rep. Maxine Waters, who co-sponsored the bill, says FEMA bungled the estimates. Jim Axelrod reports.

View Comments (0)