The Federal Emergency Management Agency has reverted to using its old flood insurance rate tables, according to a report in the New Orleans Times-Picayune ( "FEMA tells Congress it has returned to old flood insurance rate tables to reflect new law," by Bruce Alpert).
"The action, the officials said, came in response to the Homeowner Flood Insurance Affordability Act, signed into law by President Barack Obama on March 21," the paper reports. "Going back to the earlier tables, a FEMA spokesman said, was the quickest way to provide the premium relief called for the affordability legislation."
Some policyholders might still be getting notices of rate hikes from their insurance companies, the paper reports. If so, FEMA officials said, they should ask questions. Some insurance brokers might not be up to speed on the latest developments in the program's administration.