The man who oversees the National Flood Insurance Program is visiting Louisiana for a tour of the state’s flood protection infrastructure as members of the congressional delegation fight the possibility of skyrocketing flood insurance premiums.
At issue as David Miller visits Thursday are flood insurance bills for homeowners who have historically been “grandfathered” at lower rates since they followed the rules in place at the time they bought or built their home.
Under a bipartisan overhaul of the flood insurance program last year, many of these homeowners face higher premiums when new flood maps are issued.
Democratic Sen. Mary Landrieu and a likely challenger in her re-election bid next year, Republican Rep. Bill Cassidy of Baton Rouge, both are set to attend a Thursday evening news conference with Miller.
Was this article valuable?
Here are more articles you may enjoy.
Psychological Injuries in Workers’ Comp: A Patchwork of State Approaches
Thailand’s Record Floods Paralyze Key Hubs for Tech and Car Parts
State Farm Sued Over Policies Backed by Distressed Insurer PHL
Hermès Heir Sues Arnault and LVMH in $16 Billion Suit Over Lost Shares