Feds Won’t Buy Flood-Prone New Hampshire Homes
The federal government has decided not to buy a handful of flood-prone homes in Merrimack, New Hampshire.
In December, 10 homeowners and the town applied for a federal buyout program where the government buys hard-to-sell properties.
The homeowners want to move to higher ground after their houses were damaged in 2007 when the Souhegan River crashed over its banks.
Richard Verville, at the state’s homeland security bureau, says the town can reapply for the program.
___
Information from: The Telegraph
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- Trump’s Tariffs Send Deliberate Shock to Heart of Global Economy
- State Farm Wins Dismissal of Homeowners’ Class Action Over Use of Xactimate Software
- 1-in-7 U.S Homeowners Uninsured, Report Shows
- How A Long-Lived Super-Regional Carrier is Implementing AI in Claims
Popular This Month
- Alert for Contractors, Builders Insurers: Construction Defect Lawsuits Likely to Rise
- Lemonade Embraced AI in Claims From Inception, And Is Still Eying The Next Tech
- Wall Street Brokers Start Trading Insurer Claims From LA Fires
- What Chief Claims Officers Can Do About a Growing Trend of Alleged Bad Faith Claims