BATON ROUGE, La. -- Louisiana lawmakers are gathering information about dramatic rate increases in flood insurance costs for homeowners and businesses.
The House and Senate insurance committees planned a special public hearing on the topic Wednesday, as they look for ways to stop or lessen the skyrocketing rates.
But the state has few options since the program is federally-run.
The rates charged through the National Flood Insurance Program are slated to rise steeply for many homeowners around the country, including Louisiana, as part of a bipartisan overhaul of the program passed by Congress last year to cut the federal government's costs.
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Members of Louisiana's congressional delegation are seeking to keep lower rates in place, but that has stalled in Congress.
About 500,000 Louisiana homes and businesses have federal flood insurance.