Gulf Coast Legislative Council Joins Efforts to Protect Homeowners From Federal Flood Insurance Premium Increase

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Today, the Gulf Coast Legislative Council added its support to the growing numbers that are seeking to change the harmful measures contained in the federal Biggert-Waters Flood Insurance Reform Act of 2012. The Gulf Coast Legislative Council praised the bold moves by the Louisiana Legislature, who, along with Senator Mary Landrieu and Congressman Bill Cassidy are calling on Congress to protect homeowners in the Gulf Coast region from rising insurance costs.

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Representative Leopold and all who supported this resolution took a bold step towards protecting the people and the economy of the Gulf Coast region. The Gulf Coast Legislative Council applauds these efforts and offers our continued support...

The Gulf Coast Legislative Council (GCLC) joins the Louisiana Legislature in calling on Congress to protect homeowners in the Gulf Coast region from rising insurance costs. During the recent legislative session, GCLC member Representative Chris Leopold proposed a bi-partisan legislative resolution petitioning Congress to take action and protect Gulf Coast citizens. The resolution, passed by the Legislature, calls into question the Biggert-Waters Flood Insurance Reform Act of 2012 which cuts all federal subsidies to homeowners who have taken measures to flood-proof their property.

Fearful that changes to the federal flood insurance program will send premiums too high to afford, Representative Leopold noted that the legislation affects thousands of Louisiana homeowners, and thousands more in the other Gulf Coast states who are faced with greatly decreased home values and the ultimate risk of irreversible property loss due to floods if scheduled large increases to the flood insurance premiums take effect. The resolution calls on Congress to repeal or delay premium increases and to reinstate a grandfather clause which allows those who modified their property to comply with National Flood Insurance Program (NFIP) requirements or bought property prior to the time of the NFIP requirements to maintain affordable flood insurance coverage.

“I’m proud of my colleagues in the Louisiana Legislature who passed this resolution and forwarded it to Congress,” Leopold said, “and we are just part of a growing coastal coalition. Congressman Bill Cassidy has created a Congressional Home Protection Caucus to fight these rate increases and passed an amendment to block implementation of a key component of the Biggert-Waters bill, and Senator Mary Landrieu has offered a bill to delay rate increases. This will take an act of Congress, but we are joining our voices with those of our colleagues and fellow citizens across the Gulf Coast region.”

“I applaud the efforts of our Legislature and welcome its partnership as we fight in Congress to fix Biggert-Waters. Flood insurance must be affordable, accessible and self-sustainable. Biggert-Waters makes the program self-sustainable, but on the backs of homeowners living and working near or around water. I’m committed to pursuing all avenues to stop all the rate increases until we can find a reasonable way forward. This is about more than just numbers on a page. This is about preserving our communities, our culture and our unique and treasured way of life,” said Senator Mary L. Landrieu.

“The reforms under the Biggert-Waters Act have created flood insurance rates which could destroy south Louisiana homes. They would also be devastating for coastal communities around the country. It is important to have a self-sustaining flood insurance program. However, it must account for the flood protections throughout south Louisiana that make massive flood insurance rates unnecessary. I will lead in making sure that occurs,” Congressman Bill Cassidy said.

“Representative Leopold and all who supported this resolution took a bold step towards protecting the people and the economy of the Gulf Coast region. The Gulf Coast Legislative Council applauds these efforts and offers our continued support in the efforts to repeal or delay this detrimental act,” stated Chairman of the Gulf Coast Legislative Council, Representative Kirk Talbot. “It is through the hard work and action of our growing ranks of Gulf Coast Legislative Council members that we can get these regional issues the federal attention they deserve,” added Talbot.

“Representative Leopold’s bi-partisan efforts to protect our coastal states and our citizens are a perfect example of what we can accomplish for the Gulf Coast region as Legislators when we work together. We will continue our efforts in working with Legislators in the five Gulf Coast states through our organization to make sure we can advance the needs and goals of the Gulf Coast region,” commented Gulf Coast Legislative Council Louisiana State Chairman, Representative Walt Leger.

For information contact Lori by phone, 850-778-5715 or email, lori(at)gulfcoastlegislativecouncil(dot)com

The mission of the Gulf Coast Legislative Council is to promote and encourage the economic growth and development of America’s Gulf Coast region. Our organization, with its foundation of Legislators from the five state Gulf Coast region of Alabama, Florida, Louisiana, Mississippi and Texas, seeks to achieve our goals by working cooperatively with federal, state, and local officials, as well as partners in the business community, higher education, and non-profit organizations. Through our annual conference, our region and state leadership, policy analysis, and our communications programs and publications, we serve as a steadfast and constant advocate for the Gulf Coast region and the issues that face our member states. For more information about the Gulf Coast Legislative Council, please visit http://www.gulfcoastlegislativecouncil.com
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Lori Cherry
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