There's a pretty view of the Sheyenne River from the top floor of Brandon Nadeau's two-story home, where he lives with his wife and two kids.
But that view is getting more expensive for the Nadeaus, who pay $2,800 a year in flood insurance. That's up 17 percent from 2013, which came after a 14 percent jump in 2012.
Congress passed a law in 2012 to cut into the National Flood Insurance Program's $24 billion debt, which accrued over decades of low premiums and high payouts. To do so, 1.1 million subsidized policyholders were going to have to start paying rates based on the true flood risk and others, including the Nadeaus, would have to start paying up to 20 percent higher premiums each year.
More in Tuesday's Times-Record.