flood

KBIA file photo

For thousands of Missouri residents, flood insurance premiums are about to go up.

People living in flood plains around the nation will soon see a jump in premiums through the National Flood Insurance Program, though a new law softens the blow a bit.

Under a 2012 statute, premiums could have risen from $2,000 annually to $13,000 each year, but residential rate hikes are now limited to an increase of 18 percent a year.