Fannie Mae

AP Exclusive: Most Florida flood zone property not insured

As Hurricane Irma bears down on Florida, an Associated Press analysis shows a steep drop in flood insurance across the state, including the areas most endangered by what could be a devastating storm surge.

In just five years, the state's total number of federal flood insurance policies has fallen by 15 percent, according to Federal Emergency Management Agency data.

Florida's property owners still buy far more federal flood insurance than any other state — 1.7 million policies, covering about $42 billion in assets — but most residents in hazard zones are badly exposed.

With 1,350 miles of coastline, the most in the continental United States, Florida has roughly 2.5...

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