Lousiana Insurance Commissioner Jim Donelon used an opportunity to meet with President Obama to present him with a letter asking him to refrain from raising flood insurance rates for residents of his state.
The contents of the letter were not available, but it was written by Michael Hecht, president and CEO of Greater New Orleans, Inc. Also signing on were the National Association of Homebuilders and the National Association of Realtors. NAFCU also has spoken out in favor of holding off on the FEMA rate hikes.
Donelon, president of the National Association of Insurance Commissioners, met with Obama on Nov. 20 along with NAIC CEO Ben Nelson, Connecticut Insurance Commissioner Thomas B. Leonardi and North Carolina Insurance Commissioner Wayne Goodwin to primarily address issues with the Affordable Care Act.
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