Rep. Scalise Hosts Roundtable With Local Leaders, Urges FEMA to Delay NFIP Risk Rating 2.0 - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 13, 2021 Newswires
Share
Share
Post
Email

Rep. Scalise Hosts Roundtable With Local Leaders, Urges FEMA to Delay NFIP Risk Rating 2.0

Targeted News Service (Press Releases)

JEFFERSON, Louisiana, Oct. 13 -- Rep. Steve Scalise, R-Louisiana, issued the following news release on Oct. 12, 2021:

House Republican Whip Steve Scalise (R-La.) led a roundtable discussion with local leaders from across South Louisiana to discuss the National Flood Insurance Program (NFIP) as well as FEMA's Risk Rating 2.0 and concerns about its impact on policyholders. Whip Scalise talked about the need for long-term reforms to NFIP to prevent families from experiencing unjustified flood insurance rate hikes due to the implementation of Risk Rating 2.0. Additionally, Whip Scalise mentioned that he's working with members on both sides of the aisle in Congress to reach a long-term reauthorization of NFIP.

On the roundtable discussion regarding NFIP reform:

"We just finished up a [meeting] about the National Flood Insurance Program, and specifically what's coming out with this new program called Risk Rating 2.0. This is something that FEMA has put out as part of the National Flood Insurance Program that's going to have some very devastating impacts all throughout the country, but especially in South Louisiana -- if it's carried out. This is part of a coalition. We've got parish leaders, business leaders, [and] many other trade groups that have been working for years to try to reform the National Flood Insurance Program. This has been a national coalition that we've put together. I've worked with many of my Republican and Democrat colleagues in Washington to try to get long-term reforms to the NFIP so that it's sustainable for families, works for the taxpayers of the nation, but also provides the needed flood insurance for communities who have no other option. So, as we're looking at this latest round of Risk Rating 2.0 that's coming out, the premiums that families are starting to face are just devastating, and they're not sustainable. As we talked about this with people here in South Louisiana who have been working on this for a long time, one of the things that is most frustrating and disappointing is that you can't get any real answers from FEMA on how they came to the methodology to give people rate increases that maybe today are paying $500 a year, [but] now will be faced with a $5,000 or more [a year] bill from NFIP -- just for flood insurance. The fact that FEMA can't even tell you how they're basing those decisions -- there is no transparency with this program."

On bipartisan efforts in Congress to achieve a long-term NFIP reauthorization:

"Many of us in Congress have been pushing to stop Risk Rating 2.0 from taking effect. In fact, I talked with [White House Advisor] Cedric Richmond this morning over at the White House and made him well aware that we're having this meeting. He's surely aware that this is a problem. [I] emphasized to him that this is something that would be devastating. We're urging the Biden Administration to stave off Risk Rating 2.0 as Congress works to get a long-term authorization. NFIP expires on December 3. So, there is a lot of talk in Washington about coming together to get a bipartisan agreement, and those conversations are ongoing. Last week, I was in a conversation with [House Financial Services Chairwoman] Maxine Waters, and she actually agrees that this program needs to be reformed, and we talked about some of the things we need to do in the coming days and weeks to try to get a long-term agreement. In the meantime, we need to stave off the devastating impacts that we would see from this program."

On thanking local leaders on fighting massive flood insurance premium increases:

"So, I do want to bring up some of the parish leaders we have with us -- [Jefferson Parish President] Cynthia Lee Sheng, [Lafourche Parish President] Archie Chaisson, [St. Tammany Parish President] Mike Cooper, [Plaquemines Parish President] Kirk Lepine. We also have [Greater New Orleans, Inc. President & CEO] Michael Hecht, and we have two men who have run levee boards down in Lafourche [Parish]. They've done a phenomenal job running levee systems -- [North Lafourche Levee District Executive Director] Dwayne Bourgeois and [South Lafourche Levee District General Manager] Windell Curole. What they've done with local money -- these are not federal levees -- in places that have seen a lot of water but have not flooded. They protect people in their communities, and they can't even find out from FEMA how the flood protection that they've had and provided for their people would be factored in because it's not a federal levee. Those are the kinds of questions that shouldn't be asked to this day when people are starting to get massive premium increases. FEMA should have had those answers a long time ago. This program is not ready for primetime, and we're trying to stave off Risk Rating 2.0."

Click here (https://www.youtube.com/watch?v=Naq3ffRG-N8) to watch Whip Scalise's remarks.

Older

Centers for Medicare & Medicaid: Biden-Harris Administration Greenlights Coverage of LGBTQ Plus Care as an Essential Health Benefit in Colorado

Newer

Mednax Clinical Leadership Urges Full Vaccination and All Measures to Protect Expecting Mothers and Children During COVID-19 Pandemic

Advisor News

  • Global economy ‘resilient’ in the wake of massive disruption
  • Cryptocurrency legislation takes one step forward with bipartisan support
  • IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
  • The hidden flaw in insurance AI adoption for advisors and carriers
  • Rising healthcare costs impact 401(k) accounts
More Advisor News

Annuity News

  • MetLife Expands Guaranteed Retirement Income Offering with Innovative Flexible Annuity Option
  • How annuities can help protect retirees from financial scams
  • MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • AuguStar Retirement launches StarStream Variable Annuity
More Annuity News

Health/Employee Benefits News

  • Reed: Can these assets be saved?
  • Virginia program cuts costs of health insurance under Obamacare
  • Retirement, health insurance costs to put pressure on future Baker City budgets
  • The United States may be the best place to build universal health care (Opinion)
  • PacificSource cuts 97 Oregon jobs amid retreat from health insurance markets
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Halyk-Life, JSC
  • AM Best Affirms Credit Ratings of Symetra Financial Corporation and Its Subsidiaries
  • AM Best Assigns Credit Ratings to Park Avenue Life Insurance Company
  • Nationwide reaches reinsurance agreement with MassMutual on UL policy block
  • Best’s Market Segment Report: AM Best Maintains Outlook on Philippines’ Non-Life Insurance Segment at Stable
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

Press Releases

  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet