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We've read for years now about anger at the high costs to property owners of changes to FEMA's flood maps, but we hadn't read this before: As homeowners around the nation protest skyrocketing premiums for federal flood insurance, the Federal Emergency Management Agency has quietly moved the lines on its flood maps to benefit hundreds of oceanfront condo buildings and million-dollar homes, according to an analysis of federal records by NBC News. Reporters Bill Dedman and Miranda Leitsinger produced a three-part series showing that FEMA had approved those revisions -- removing more than 500 waterfront properties from the highest-risk flood zone and saving the owners as much as 97 percent on the premiums they pay into the financially strained National Flood Insurance Program - even as owners of homes and businesses far from a water source were being added to the maps asked to pay far more for their coverage.
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