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Sandy victims face skyrocketing flood insurance

Congress passed a law to close a $24 billion deficit in the federally subsidized flood insurance program, but a million homeowners in flood zones will see their rates rise dramatic... More Congress passed a law to close a $24 billion deficit in the federally subsidized flood insurance program, but a million homeowners in flood zones will see their rates rise dramatically. Rep. Maxine Waters, who co-sponsored the bill, says FEMA bungled the estimates. Jim Axelrod reports. Find more CBSTV Videos videos on Yahoo Screen. Less

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