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The Boston Globe


Federal flood insurance rates set to increase

Some waterfront homeowners and others who live in flood-prone areas are seeing flood insurance rate increases of 25 percent as a result of legislation passed last year to make the federal program more financially secure.

The rate increases — coupled with changes in the flood zone maps — are causing pain as far inland as Lowell, and in the coastal communities of the North Shore, where some homeowners in high-risk areas pay as much as $4,000 a year.

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