Major Property Insurance Rates on the Rise in Louisiana!
Peace & Justice
Thursday, February 24, 2022
Body
News reports across the state this past week reported that flood insurance rates in Louisiana will rise more than 129 percent over the next decade with many policyholders seeing an increase of more than four times what they are currently paying. Two years ago, Congress merely put its finger in the flood insurance dike with legislation that supposedly capped the skyrocketing rates of property owners in flood prone areas. But what our minions in Washington didn’t tell us is that the rates are continuing to climb dramatically.