WASHINGTON, Feb. 3 -- Sen. John Kennedy issued the following press release:
Sens. John Kennedy and Bill Cassidy (R-La.), along with Sens. Cindy Hyde-Smith (R-Miss.), Roger Wicker (R-Miss.), Jim Justice (R-W.Va.), Shelley Moore Capito (R-W.Va.), Tommy Tuberville (R-Ala.), and John Cornyn (R-Texas), urged acting Federal Emergency Management Agency (FEMA) Administrator Karen Evans to halt further implementation of the Risk Rating 2.0 pricing system under the National Flood Insurance Program (NFIP) and provide full transparency into how flood insurance rates are set.
The lawmakers raised concerns that Risk Rating 2.0 has driven sharp premium increases among Louisianians and nationwide, forcing many homeowners to drop coverage and undermining ...