On Oct. 1, the federal government made major changes to the National Flood Insurance Program over howls of protest from members of Louisiana’s congressional delegation. The new system, which the Federal Emergency Management Agency calls Risk Rating 2.0, will increase flood insurance costs for many high-risk properties. The feds hope the changes will encourage developers
Addressing a problem…or creating havoc?
New federal flood insurance rules and pricing are meant to curtail development in high-risk areas, but so far they’re only generating controversy.
