"Kentucky residents who are struggling to rebuild after devastating flooding face huge financial obstacles because almost nobody in the state has flood insurance.
The area hit by the flash floods that began in late July and killed at least 37 people has a large concentration of low-income families.
Only 17,250 property owners in Kentucky have federal flood insurance, government records show. The public program provides the vast majority of flood policies in the United States.
A recent Federal Emergency Management Agency report found that Kentucky has a low rate of flood coverage and ranks just behind New Mexico in the percentage of residences with flood insurance."
Source: E&E News, 08/10/2022
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