Ten states sue to try to block large flood insurance rate hikes

Posted on AllSides June 2nd, 2023
From The Left

Louisiana and nine other states filed a lawsuit against the federal government Thursday to block sharp increases in national flood insurance rates that are slated to be phased in over the coming years, saying the steeper price could cost some people their homes and businesses.

Dozens of local Louisiana governments and flood control districts also are plaintiffs in the lawsuit, which was filed in U.S. District Court in New Orleans. The Department of Homeland Security and the Federal Emergency Management Agency are among the defendants.

Louisiana Attorney General Jeff Landry joined...

Read full story
https://www.cbsnews.com/news/flood-insurance-rate-hikes-ten-states-lawsuit/

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right