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WWL: Landrieu concerned new flood rates will be unaffordable, will push for reform

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Published on Sep 5, 2013

In response to repeated requests from Sen. Landrieu and the Louisiana delegation, FEMA has finally publicized the Specific Rate Guidelines that will determine new rates for policyholders subjected to increased premiums as a result of Biggert-Waters Flood Insurance Reform Act of 2012.

"It took FEMA far too long to make this critical information available to communities in Louisiana and across the nation trying to prepare for the steep rate increases that are scheduled to take effect on October 1, 2013. While I am pleased that FEMA followed up on commitments made during their recent trip to Louisiana, I remain very concerned about the impacts these rate increases will have on homeowners and small businesses throughout the nation," Sen. Landrieu said. "The data presented today underscores the affordability issues that I have been concerned about since Biggert Waters first came to the floor for a vote last summer, and it is imperative that we secure comprehensive reform like my SMART NFIP Act. I will continue to push for its passage."

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