Municipal leaders fight Biggert-Waters
WILMINGTON, NC (WWAY) — Just like the tide the cost of flood insurance is on the rise.
The Biggert-Waters Act is set to go into effect on October 1st and town leaders are asking for help to keep their town afloat.
Thursday, WWAY received a copy of three letters written by Wrightsville Beach mayor pro tem Bill Sisson asking for help from Senator Kay Hagan, Senator Richard Burr, and Congressman Mike McIntyre in their fight against Biggert-Waters.
Sisson claims that the Biggert-Waters Act could increase the cost of home insurance by as much as 25% per year and have a negative effect on land value, business, home prices, and construction in coastal communities.
We tried to reach out to Hagan, Burr, and McIntyre for comment on this story, but they were unavailable due to the looming government shutdown.
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