Zhong Jia/Xinhua/Zuma Press Harvey’s Test: Businesses Struggle With Flawed Insurance as Floods Multiply Hurricane will strain a National Flood Insurance Program out of step with needs of small businesses in era of extreme weather Damage from Hurricane Harvey at a shopping area in Houston. Mr. Pontez has federal flood insurance. The need for flood insurance that works for businesses is more dire because devastating storms are hitting the U.S. with increasing frequency. Growing Risk The need for businesses to carry flood insurance has increased as severe storms have hit the U.S. more frequently. Her federal flood insurance payout was $109,000.

Source: Wall Street Journal August 29, 2017 16:04 UTC