Official: La. should consider having a state-backed flood insurer

Louisiana could ease concerns over the looming rate increases under the National Flood Insurance Program by creating a state-run insurer that offers flood coverage, said John Kennedy, the state's treasurer. The state has such companies providing property insurance and workers' compensation coverage, and these firms help make the markets stable, Kennedy said. Meanwhile, Gov. Bobby Jindal voiced support for efforts by the state's congressional delegation to defer the NFIP rate increases.

View Full Article in:

Times-Picayune (New Orleans), The · Times-Picayune (New Orleans), The

Published in Brief: