The next few months could be crucial to determine the future of how flood insurance operates in the United States, especially for south Louisiana, State Insurance Commissioner Jim Donelon said Wednesday.
Donelon was guest speaker during the St. Mary Chamber of Commerce business luncheon at the Petroleum Club of Morgan City.
He runs the state Department of Insurance, which is responsible for regulating Louisiana’s insurance industry.
Donelon discussed the National Flood Insurance Program. Coincidentally, the program was due to be reauthorized or renewed shortly after Hurricane Harvey and Hurricane Irma caused disastrous flooding.
Congress typically renews the program every five ...
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