The Biggert Waters Flood Insurance Reform Act raises premiums for flood insurance.
WILMINGTON, NC (WECT) - The Biggert Waters Flood Insurance Reform Act raises premiums for flood insurance. Even though Congress passed the act as part of another bill last year, coastal communities are now uniting to fight it.
More than 5,000 buildings in New Hanover County will be affected by the act. The insurance rates will increase to twenty-five percent per year.
Wrightsville Beach Mayor Pro Tem Bill Sisson is working with Congressman Mike McIntyre and other local representatives to ask the federal government to delay the act. They want the government to make some changes to the entire federal flood insurance policy.
Those in opposition to the Biggert Waters Act believe it could negatively affect Wilmington's local economy because of the high increase in flood insurance premiums.
Bill Sisson is leading an e-mail campaign to make residents in coastal communities aware of the impacts. He asks residents to reach out to their local congressmen and voice their concerns.