Flood Insurance Reform Passes Senate, Will Save Louisiana Homeowners from Crippling Rate Hikes
Sen. Mary Landrieu Has Been Tireless Advocate on Issue
BATON ROUGE — The U.S. Senate today passed legislation that will delay crippling flood insurance rate hikes for middle-class homeowners across the country, including nearly half a million policyholders in Louisiana, and Sen. Mary Landrieu’s leadership on this issue was critical in shepherding the bill through the process.
“Senator Mary Landrieu brought together a strong coalition of Republicans and Democrats to push for reform to the Biggert-Waters Act, which is imposing disastrous flood insurance premium increases for middle-class families in Louisiana and across this country,” said Louisiana Democratic Party Chair Karen Carter Peterson. “As this bill now heads to the House, we hope the leadership in that chamber acts quickly to help the millions of Americans who could face financial ruin if they delay.”
“The working families of Assumption, Iberville and the parishes along the southern Louisiana coast are so grateful for Senator Mary Landrieu’s tireless advocacy on this issue,” said state Rep. Karen St. Germain. “She has reached across the aisle to find allies, and we know she will continue to fight, as she has in the past and into the future, for the residents on this very serious issue.”
“Terrebonne Parish desperately needs this to prevent exorbitant rate hikes on our homeowners,” said Terrebonne Parish Councilwoman Arlanda Williams. “We appreciate Senator Landrieu for always fighting for the people of Terrebonne Parish and Louisiana.”