A new flood plain map scheduled to be revealed by North Platte officials Monday should significantly reduce the number of residents needing flood insurance.
Sen. Ben Nelson estimated that as many as one third of those currently required to purchase flood insurance could be affected by the change.
Each year, more that 3,300 North Platte residents purchase federal flood insurance mostly due to bank loan requirements. That's more than any city in Nebraska.
Residents maintain more than $276 million in coverage, but in the 26-year history of the program, only about $27,000 in settlements have been made.
Nelson's state director, W. Don Nelson, said that the flood plain map revisions have been made in the works for six years.
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