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After the floods

Insurance cost hike faces Irene, Lee flood victims

Business remains a struggle in Schoharie

Merchants along Main Street in the village of Schoharie are concerned about pending flood insurance rate increases that could push annual premiums above $13,000.
Photographer: Marc Schultz
Merchants along Main Street in the village of Schoharie are concerned about pending flood insurance rate increases that could push annual premiums above $13,000.
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The cost of flood insurance will shoot up this year as a federal law that changed the program takes effect. That’s bad news for post-disaster villages like Schoharie, where officials are still trying to refill storefronts wiped out after tropical storms Irene and Lee. And it’s added pressure for homeowners and businesses still struggling to rebuild. Jim Cooke, who opened the Village Hardware on Main Street in Schoharie after Irene swamped the village, said business ...


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