The battle over rate hikes imposed on flood insurance program policyholders in Louisiana is intensifying, with the big prize being the Senate seat now held by Mary Landrieu, D-La.
Friday, the apparent strongest contender for Landrieu's seat, Rep. Bill Cassidy, R-La., announced formation of a coalition of members of the Senate and House, sans Landrieu, whose objective is to seek a rollback or delay in some of the NFIP rate increases scheduled to go into effect in 2014 through the Biggert-Waters Act.
That announcement followed Landrieu's failed attempt late Wednesday to get a vote on an amendment that would delay some of the proposed rate increases for five years.
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