"After Sandy, A New Threat: Soaring Flood Insurance"

"TOMS RIVER, N.J. -- George Kasimos has almost finished repairing flood damage to his waterfront home, but his Superstorm Sandy nightmare is far from over."

"Like thousands of others in the hardest-hit coastal stretches of New Jersey and New York, his life is in limbo as he waits to see if tough new coastal rebuilding rules make it just too expensive for him to stay.

That's because the federal government's newly released advisory flood maps have put his Toms River home in the most vulnerable area — the 'velocity zone.' If that sticks, he'd have to jack his house up 14 feet on stilts at a cost of $150,000 or face up to $30,000 a year in flood insurance premiums."

Katie Zezima and Meghan Barr report for the Associated Press June 9, 2013.

Source: AP, 06/10/2013