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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Pickering lists concerns over Mississippi Adequate Education Program formula
- MARTIN WILLOUGHBY: Andrew Adams helps grow Addicus
- Judge gets more time to fight efforts to remove him from office
- Voters to decide whether hunting, fishing is constitutional right
- Coast cleanup nets 1,600 bags of trash — and a watermelon patch
- State's bad bridges continue to raise concerns among officials
- Number of visitors to Natchez Trace makes big jump
- MISSISSIPPI RISING: Time to sell the image
- State renews battle over water use with city of Memphis