Homeowners in unincorporated Jefferson Parish who purchased flood insurance through the federal government saw their average annual premium decrease in October, an unexpected dip as several rate increases mandated under the 2012 Biggert-Waters Act took effect, according to the latest federal data.
Monthly figures provided by the Federal Emergency Management Agency show 95,401 residents in Metairie and parts of unincorporated Jefferson Parish paid an average of $796.56 per year for National Flood Insurance Program policies in October, a 1 percent dip from September.