NEW ORLEANS— Louisiana and nine other states filed a lawsuit against the federal government Thursday to block sharp increases in national flood insurance rates that are slated to be phased in over the coming years, saying the steeper price could cost some people their homes.
Dozens of local Louisiana governments and flood control districts also are plaintiffs in the lawsuit, which was filed in U.S. district court in New Orleans. The Department of Homeland Security and the Federal Emergency Management Agency are among the defendants.
Louisiana Attorney General Jeff Landry joined several local officials and business leaders at a news conference announcing the suit Thursday morning.
Retired DPS trooper wanted for role in $9.5 million investment fraud scheme
New CMS Alzheimer's drug coverage plan raises questions around worth
Advisor News
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
- House panel advances CLEAR Forms Act backed by IRI
More Advisor NewsAnnuity News
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
- A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
More Annuity NewsHealth/Employee Benefits News
Life Insurance News