Wednesday, November 15, 2017

La. delegation split on NFIP vote


The U.S. House of Representatives voted 237-189, with the Louisiana delegation split 3-3, to approve amended legislation that will increase flood insurance costs for some property owners, and help sustain a National Flood Insurance Program (NFIP) battered by payouts for hurricanes over the last 17 years. The vote took place Nov. 14 after sponsors altered it after some complaining lawmakers, who claimed a previous version would have made for higher premium or made some property owners ineligible NFIP. Congress has been talking about an overhaul for years, which in October needed a $16 billion bailout to pay for claims for this year’s hurricanes. Because private insurers generally won't write flood policies, the federal program is the only one available for most property owners. (Source: NOLA.com 11/15/17) See link for Louisiana’s delegation vote.