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Louisiana joins lawsuit against flood rate hikes

3 years 5 months 3 weeks ago November 28, 2013 Nov 28, 2013 Thursday, November 28 2013 November 28, 2013 10:19 AM in News
Source: Associated Press

BATON ROUGE - The Louisiana Department of Insurance is joining a lawsuit against rate hikes in the National Flood Insurance Program.

Commissioner Jim Donelon say the department filed a "friend of the court" brief in Mississippi's lawsuit against the federal government.

The lawsuit says the Federal Emergency Management Agency should have delivered an affordability study to Congress by April, but failed to do so.
The suit asks a federal judge to block any rate increases until FEMA does.

Donelon says the increases under the Biggert-Waters Act could be devastating for south Louisiana homeowners. He says the huge increase in premiums would be unfairly affect coastal residents and businesses.

 

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