Statements by members of Congress in Louisiana and Mississippi Thursday that increases in flood-insurance premiums now being implemented will be delayed through a provision in a recent appropriations bill are inaccurate, according to industry lobbyists and officials at the Federal Emergency Management Agency (FEMA).
Rep. Steven Palazzo, R-Miss., and Rep. Bill Cassidy, R-La. had said a bulletin written by FEMA and sent out Thursday to Write-Your-Own companies indicated that the rate hikes would be delayed by a provision in the recently passed appropriations legislation for the current year sponsored by Cassidy.
Cassidy said rate hikes "for up to 400,000 Louisianans" could be suspended as long as until June 2016.
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