FEMA’s new flood insurance system is sinking waterfront homeowners. That might be the point.

Grist
By Jake BittleApr 20, 2022, 10:30 am308 pts
Two years ago, Chris Dailey decided he wanted to live higher up off the ground. Dailey, 53, had lived in the Shore Acres neighborhood of St. Petersburg, Florida, for almost 30 years. His house had almost flooded four times during that span. Plus, Dailey’s flood insurance costs were steep: He was paying $2,000…

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