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The October 1, 2013 implementation of the Biggert-Waters Act 2012 will kick-off next week. The Parish President has been a proponent of a delay or significant revision to the law prior to implementation and administrative and congressional fixes may come to be in the future. The State of Mississippi has filed a lawsuit against the Federal government for relief. While the discussion continues, there is no delay expected prior to next week. Parts of the law goes into effect Tuesday October 1st. Certain properties in the Special Flood Hazard Area built before 1974 will no longer pay a subsidized rate based on earlier designations. Policies will increase at renewal over the next year.
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