FEMA Agrees to Shrink Newport Beach Coastal Flood Zone, Saving Property Owners Millions in Insurance Costs

Newport Beach has persuaded the Federal Emergency Management Agency to exclude about 2,700 properties in the coastal part of the city from updated flood maps.

That means owners in parts of the Balboa Peninsula, Balboa Island and West Newport won’t need pricey flood insurance, saving up to about $3,700 each, or $10 million combined, each year in premiums, the city estimates.

City staff worked on the rollback for two years, showing FEMA that municipal infrastructure such as seawalls and sand...

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