“Groton Town Mayor Rita Schmidt saw her annual flood-insurance rates rise from $2,800 to $3,400 this year, despite the fact that her home on Bank Street in Mystic is up on a hill and not near the water,” says the Groton News.
“Numbers generated by The Associated Press show that 31 percent of Groton property owners requiring flood insurance face higher costs this year, despite a bill in Congress that sought to lessen the impact of higher rates. In Groton Long Point, a section of waterfront property particularly vulnerable to storm damage, an even more dramatic effect was evident, with 69 percent of properties seeing insurance cost increases.”
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