Landrieu slips controversial flood insurance provision into spending bill
Ray Lehmann of R Street Institute said his group and other members of the SmarterSafer Coalition have been lobbying hard against the provision.
“To accommodate the delay, the rates of all other NFIP policyholders would rise enough to offset the rates that would otherwise have been phased in both for the properties that have subsidies (that’s the vacation homes, business properties and repetitive loss properties) and those that are newly remapped into flood zones or reclassified into riskier zones,” he said.
