Flood Insurance Hikes

[southern151]

Originally Posted by Reggoh

25% per year for 5 years is probably close to a 200% increase with compounding... that's pretty steep... What do they use to substantiate such an increase?

Here is an interesting read on how this came to pass... Landrieu and Vitter both voted for the bill... and now are both trying to stop some aspects of it.

http://www.nola.com/politics/index.s...gert-wate.html

I suspect that they're broke so, this is a way to make up for some of their ridiculous spending. Really, in my mind, it's redistribution of wealth without having to call it that.

I'd venture to guess that all of S. LA will be considered flood zone, regardless of whether or not it's ever flooded. The remapping that FEMA did over here recently is outrageous!