Louisiana suing feds over skyrocketing flood insurance rates [The Advocate, Baton Rouge, La.]
Jun. 1—State Attorney General
The highest projected percentage increase in the nation is in
But there have been concerns over unintended consequences in
There are also concerns over transparency in how the rates are being set, with
The aim of the changes is also to set rates on an actuarially sound basis and to help put the NFIP on a sustainable financial path, with the program in debt to the tune of
Premium increases are limited to 18% per year, but those hikes compound over time, adding up to substantial totals for many in
Landry made the announcement at the offices of local economic development organization
This is a breaking news story. Please check back to nola.com and theadvocate.com for further updates.
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