Louisiana Lawmakers Seek Relief On Flood Premiums
Three Louisiana State lawmakers will be traveling to Nashville this week to talk about major rate increases in the federal flood insurance program.
Some homeowners and businesses will be paying thousands more each year to ensure their property.
Jennings Senator Dan “Blade” Morrish, Sulphur Senator Ronnie Johns and Slidell Representative Greg Cromer will be in attendance for the National Conference of Insurance Legislators meeting that starts this Thursday and wraps up on Sunday.
Morrish is attending the meeting to ask those in attendance to support a resolution to delay the start of the Biggert-Waters Flood Insurance Reform Act. That Act is the reason so many rates have gone up.
The purpose of the law was to help shore up the federal flood insurance program which has faced budgetary issues. The changes coming with the Biggert-Waters Act has meant major increases for many in flood-prone areas.