Huge flood insurance premiums hitting Americans

Credit: MGN Online

Huge flood insurance premiums hitting Americans

March 24, 2014 Updated Mar 24, 2014 at 11:18 AM CDT

Congress tried closing the National Flood Insurance Program's $24 billion debt by eliminating low-cost policies on older homes and businesses.

Now more than 1 million residents and businesses are facing huge premium increases. Find out more about this story by watching the video below.