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Plaquemines Council endorses federal commission on disaster risk and insurance, citing steep premium increases
Summary
Resolution No. 26-235 endorses H.R.8439, the Commission on Natural Disaster Risk Management and Insurance Act, urging Congress to act and citing parish data showing sharp homeowners and NFIP premium increases since 2021.
The Plaquemines Parish Council adopted Resolution No. 26-235 on July 23 endorsing the Commission on Natural Disaster Risk Management and Insurance Act (H.R.8439) and urging the 119th Congress to consider federal policy options to improve insurance affordability and availability.
The resolution notes that Plaquemines homeowners insurance premiums averaged $6,546 (a 77% increase since 2021) according to a cited NBER working paper and that average NFIP premiums under Risk Rating 2.0 rose to $5,431 from legacy rates of $842 per the Coalition for Sustainable Flood Insurance analysis. The resolution characterizes Plaquemines as a strategically significant but environmentally vulnerable coastal parish and states the parish is a "thought partner" to CSFI's policy white paper. The council approved the resolution by roll call with the recorded YEAS and one absent member.
