Louisiana sues feds over rising insurance rates
AG Jeff Landry leads multi-parish and multi-state legal efforts to protect homeowners and small businesses.
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AG Jeff Landry leads multi-parish and multi-state legal efforts to protect homeowners and small businesses.
"FEMA’s flawed flood insurance formula will force Louisiana families and homeowners into bankruptcy or foreclosure. We are fighting to protect these hard-working people from this latest federal abuse."
Landry said the new National Flood Insurance Program risk model replaces the old model from 1985 and is now driving out homeowners with unaffordable costs.
The average total increase from Risk Rating 2.0 over time to Lafourche will be 321% and 545% increase in Plaquemines.
Every morning, more than 600 workers clock in at the Louisiana shipyard where the Eco Edison, the first U.S.-built vessel to service offshore wind farms, is under construction. At quitting