La. parish officials back House measure to stop flood insurance hikes

06/20/2013 | Times-Picayune (New Orleans), The

A letter from 13 parish presidents in Louisiana called on Sens. Mary Landrieu, D-La., and David Vitter, R-La., to support a House-approved amendment that would prevent the Federal Emergency Management Agency from implementing some flood insurance rate increases under the Biggert-Waters Flood Insurance Reform Act of 2012. The looming rate increases would prompt many property owners in the state to cancel their coverage, "decreasing home values, depressing the real estate market and drastically increasing rental rates," the parish presidents said in the letter.

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Times-Picayune (New Orleans), The

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