Law360, New York (December 6, 2013, 6:38 PM EST) -- Mississippi Insurance Commissioner Mike Chaney on Thursday attacked the Federal Emergency Management Agency's attempt to end his lawsuit challenging steep rate hikes planned for the National Flood Insurance Program, arguing that FEMA itself would benefit from an injunction on the premium increases.
The Mississippi insurance regulator took issue with FEMA's claim in a recent motion to dismiss the suit that the Biggert-Waters Flood Insurance Reform and Modernization Act did not require the agency to carry out an affordability study before raising rates.
Biggert-Waters introduced the premium increases...
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