Senators want ‘immediate relief’ from flood insurance
Published: October 13,2013
Tags: Congress, David Vitter, federal government, flood, flood insurance, flooding, Harry Reid, insurance, lawmaker, legislation, legislative, legislator, Mary Landrieu, Mitch McConnell, National Flood Insurance Program, real estate, Roger Wicker, Thad Cochran, U.S. Senate
WASHINGTON — Twenty-four U.S. senators, including both from Mississippi and both from Louisiana, have signed a letter saying they want “immediate relief” for people facing steep rate increases for coverage in the National Flood Insurance Program.
The letter was sent to Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell.
The rate hikes were passed in 2012 to keep the NFIP solvent after an onslaught of claims from Hurricane Katrina in 2005. The law removes federal subsidies from properties in flood zones.
The senators’ letter says the Federal Emergency Management Agency only recently started an affordability study that’s required as part of a 2012 law that reauthorized the NFIP.
Mississippi’s U.S. senators are Republicans Thad Cochran and Roger Wicker. Louisiana’s are Democrat Mary Landrieu and Republican David Vitter.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Yarber could be sworn in today as new Jackson mayor
- After review, MSU moves forward on new research facility
- Ole Miss launches commitment to be 'climate neutral'
- Pharma Pac lays off rest of workers; could end up owing state
- SpaceX, Stennis officially open new rocket test stand
- Gulf LNG terminal mulling export opportunities
- Acco Brands investing $1.6M, adding 162 workers
- Secretary of State's Office transitioning to new location