FEMA Rebuffs Flood Insurance Rate Hike Foes
Statements by congressmen from Louisiana and Mississippi that increases in flood insurance premiums now being implemented will be delayed through a provision in a recent appropriations bill are inaccurate, according to industry lobbyists and officials at the Federal Emergency Management Agency.
Rep. Steven Palazzo (R-Miss.) and Rep. Bill Cassidy (R-La.) said a bulletin written by FEMA and sent out Thursday to Write-Your-Own companies indicated that the rate hikes being imposed by FEMA would be delayed, perhaps until June 2016.
The rate suspensions stem from a provision in the appropriations legislation for the current year sponsored by Cassidy that was recently enacted by Congress dealing with Sec. 207 of the 2012 law.
That provision was first contained in a Homeland Security appropriations amended at the request of Cassidy last June on the House floor and passed by the House.