No More Hikes: Small Business Survival Amidst Unaffordable Flood Insurance Rate Increases, Hearing Before the Committee on Small Business and Entrepreneurship, United States Senate, One Hundred Fourteenth Congress, Second Session, June 30, 2016 [open pdf - 1MB]
This is a testimony compilation of the June 30, 2016 hearing on "No More Hikes: Small Business Survival Amidst Unaffordable Flood Insurance Rate Increases" held before the Senate Committee on Small Business and Entrepreneurship. From the opening statement of David Vitter: "After the Biggert-Waters Flood Insurance Reform Act was signed into law to help make the program solvent after Hurricane Sandy, many of these people, especially many of my constituents in Louisiana, were outraged at dramatic increases in their premiums. Rates were so dramatic that some folks faced 10 times the price of their previous premium, and even higher in some cases. It was not unheard of to hear horror stories of families paying $20,000-30,000 for a policy that had previously been $2,000 or less." Statements, letters, and materials submitted for the record include those of the following: Roy E. Wright, Kevin Robles, Ceil Strauss, David G. McKey, and Randy Noel.
Senate Committee on Small Business and Entrepreneurship: http://www.sbc.senate.gov/