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SALT LAKE CITY (AP) — The cost of national flood insurance is set to jump for hundreds of Utah policyholders, but it's unclear how much the increases will affect whole communities.
Dozens of policyholders in pockets of Salt Lake County and the city of Cottonwood Heights are among those losing government subsidies that have kept rates down.
Across the country, more than a million policyholders will see big increases despite a federal law signed Friday scaling back the most dramatic price hikes.
In Utah, the changes could be steep in individual cases, but local officials and real estate groups say the increases don't seem poised to cause broader community problems as they may elsewhere.
There are about 740 Utah policies set to lose subsidies.
The federal government is trying to close the National Flood Insurance Program's $24 billion shortfall.
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