The latest news I've heard was that there are now several states that are with us in opposing this act/law. I know Landrieu and Vitter have been all on it in DC since this first came out and there was some talk about suspending the rate increases to get the law and rates sorted out. In the end, I think we'll be ok just because govt. officials know that there are huge numbers of people who will not be able to pay it. ALL homes located in flood zones are required to have the flood ins., the banks and mortgage companies know this and are aware that in many circumstances people will not be able to pay the mortgage and their insurance if these rates would go into effect. **IF** these rediculous rates were to go into effect Louisiana's economy goes
into the toilet almost overnight, it truly would be a disaster, that's no secret and i personally am not overly concerned. I will say that i believe
we will eventually see rate hikes but the over-the -top numbers discussed a few months ago will not be the case.
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