On the recordMay 13, 2026
Hurricane season is less than 3 weeks away--3 weeks--and we have to act to make flood insurance affordable again before it is too late. Last year, thankfully, no hurricanes hit my State. Now, no hurricanes hitting my State is good news for everyone in my State but especially for homeowners who do not have flood insurance. Every year, more and more people have to drop the National Flood Insurance Program coverage because it is too expensive and too unreliable. So this is about making flood insurance affordable again. Between 2022 and 2024, 70,000 people in Louisiana dropped coverage. And last year, another 52,000 did. Why? They need it. They are trying to be responsible. They are being priced out. And they are being priced out of flood protection by the rising costs of a post-Biden era flood insurance program. Under President Joe Biden, FEMA implemented Risk Rating 2.0 as a new risk assessment program, even though Congress never gave approval. Now, look at this. Since 2023, rates have increased, making people's flood insurance premiums so high they cannot afford them.
Source
govinfo.gov




