Louisiana joins lawsuit against flood rate hikes
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.