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Money Down the River

Number 22963
Subject Insurance
Source Times (Roanoke, Va.)
State VA
Year 2006
Publication Date 05/27/2006
Summary "This package documented how an apartment complex built in a flood plain received $10.7 million -- more than twice its assessed value -- from the National Flood Insurance Program. Basked on figures obtained through FOIA, the story detailed how the federally backed insurance program allowed Willow River Apartments to rebuild time and time again in a flood-prone area where development is no longer allowed."
Category Contest Entry
Pages 10
Keywords FEMA; weather; rain; flood plain; flooding; water damamge; insurance; natural disaster; government spending
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