FEMA flood insurance rates - KNOE 8 News; KNOE-TV; KNOE.com |

FEMA flood insurance rates

Posted: Updated:

OUACHITA PARISH, La. (KNOE 8 News) - There are some new developments involving FEMA's flood maps that determine how much money you pay for flood insurance. As Nolan Crane reports government leaders in Washington are trying to freeze home insurance rates that are on the verge of skyrocketing.

FEMA is looking at flood maps and levees in every parish across the state to determine if they are in good condition. Originally their maps were going to exclude levees. That could have resulted in massive insurance rate increases for many Louisiana landowners. Now employees at the Tensas Basin Levee District in Monroe say Ouachita Parish's flood zones will not change.

"We're lucky that all of our levees are currently accredited," said John Stringer.

Even with FEMA's possible mapping change many homeowners are worried their rates will still go up.

"I don't think they should raise insurance or raise rates, these things of that nature. If the house is flooding then you got to come in and take money out of your pocket to get the carpeting redone or have to retile your house, put new cupboards down, things of that nature" said Acabar Shakur.

The U.S. senate has passed a bill to freeze the flood insurance rates for four years. Congressman Vance McAllister has seen these maps and he says the bill needs to become a law.

"I don't think people really realize the impact it will have on Louisiana, more than any other state out there. It will cripple Louisiana like we have never seen before," said Vance McAllister.

"If they raise rates I'm leaving. I'm leaving, simple as that," said Shakur.

Acabar Shakur won't be alone in moving out of flood prone areas.

"The mayor of Grand Isles told me that he'd lose a lot of people in his little town because of that. Young people can't afford to take a mortgage out on a home there. They'll leave and go somewhere else," said Stringer.

McAllister say what's really needed is a bill that would freeze the rates for more than four years, but he says if this one passes it's at least a move in the right direction.

One of the reasons FEMA is looking to make the change is to off-set a $20 billion deficit though higher insurance rates.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Ferguson shooting witness comes forward

    Ferguson shooting witness comes forward

    Friday, August 22 2014 5:01 PM EDT2014-08-22 21:01:12 GMT
    Ferguson, MO (CNN)- Attorney General Eric Holder has assigned scores of FBI agents and Justice Department Investigators to look into Michael Brown's August 9th death in Ferguson, Missouri.
    Ferguson, MO (CNN)- Attorney General Eric Holder has assigned scores of FBI agents and Justice Department Investigators to look into Michael Brown's August 9th death in Ferguson, Missouri.
  • Ferguson: witness Dorian Johnson atty

    Ferguson: witness Dorian Johnson atty

    Friday, August 22 2014 11:46 AM EDT2014-08-22 15:46:44 GMT
    (CNN)- Attorney for Dorian Johnson speaks out
    (CNN)- Attorney for Dorian Johnson speaks out
  • West Monroe 4-year-old left on bus

    West Monroe 4-year-old left on bus

    Thursday, August 21 2014 6:00 PM EDT2014-08-21 22:00:40 GMT
    MONROE, La. (KNOE 8 News) Getting left behind is scary, especially if you're just four years old. That's exactly what happened to Landon Bell Wednesday afternoon after he woke up in a locked school bus.
    MONROE, La. (KNOE 8 News) Getting left behind is scary, especially if you're just four years old. That's exactly what happened to Landon Bell Wednesday afternoon after he woke up in a locked school bus.
  • Woman who shot grandson likely won't face charges

    Woman who shot grandson likely won't face charges

    Friday, August 22 2014 11:03 AM EDT2014-08-22 15:03:08 GMT
    TAMPA, Fla. (AP) - Authorities say the Tampa woman who shot her 7-year-old grandson after mistaking him for an intruder probably won't face charges.
    TAMPA, Fla. (AP) - Authorities say the Tampa woman who shot her 7-year-old grandson after mistaking him for an intruder probably won't face charges.
  • Authorities investigating credit union robbery

    Authorities investigating credit union robbery

    Friday, August 22 2014 5:01 PM EDT2014-08-22 21:01:46 GMT
    NATCHITOCHES, La. (AP) - Natchitoches police and FBI agents are investigating a robbery that occurred at the Louisiana Capital Federal Credit Union in Natchitoches.
    NATCHITOCHES, La. (AP) - Natchitoches police and FBI agents are investigating a robbery that occurred at the Louisiana Capital Federal Credit Union in Natchitoches.
  • Ten African American Officers quit Monroe Police Union

    Ten African American Officers quit Monroe Police Union

    Thursday, August 21 2014 8:32 PM EDT2014-08-22 00:32:49 GMT
    MONROE, La. (KNOE 8 News) - Three weeks ago the police union overwhelmingly voted "no confidence" in Monroe Police Chief Quentin Holmes. But Thursday, ten African American Monroe officers have voted "no confidence" in the union and they have pulled their memberships.
    MONROE, La. (KNOE 8 News) - Three weeks ago the police union overwhelmingly voted "no confidence" in Monroe Police Chief Quentin Holmes. But Thursday, ten African American Monroe officers have voted "no confidence" in the union and they have pulled their memberships.
  • 18-wheeler fire halts I-20 traffic

    18-wheeler fire halts I-20 traffic

    Thursday, August 21 2014 12:39 PM EDT2014-08-21 16:39:48 GMT
    VICKSBURG, Miss. (KNOE 8 News) - Mississippi State Police are reporting an accident on I-20 between Vicksburg and Jackson involving two 18-wheelers. The crash has brought traffic to a standstill in all directions.
    VICKSBURG, Miss. (KNOE 8 News) - Mississippi State Police are reporting an accident on I-20 between Vicksburg and Jackson involving two 18-wheelers. The crash has brought traffic to a standstill in all directions.
  • Louisiana Tech researchers use 3D printers to create custom medical implants

    Louisiana Tech researchers use 3D printers to create custom medical implants

    Thursday, August 21 2014 12:11 PM EDT2014-08-21 16:11:30 GMT
    RUSTON, La. (KNOE Louisiana Tech University)– A team of researchers at Louisiana Tech University has developed an innovative method for using affordable, consumer-grade 3D printers and materials to fabricate custom medical implants that can contain antibacterial and chemotherapeutic compounds for targeted drug delivery.
    RUSTON, La. (KNOE Louisiana Tech University)– A team of researchers at Louisiana Tech University has developed an innovative method for using affordable, consumer-grade 3D printers and materials to fabricate custom medical implants that can contain antibacterial and chemotherapeutic compounds for targeted drug delivery.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KNOE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.