The Federal Emergency Management Agency has finally secured a reinsurance placement for the National Flood Insurance Program that for the first time is directly backed by capital markets investors. As of now, the Federal Emergency Management Agency (FEMA) has entered into a three-year reinsurance agreement that...
Flood Victims in Louisiana, listen up! The catastrophic flood that devastated Louisiana in 2016 was the worst natural disaster to strike the United States since Hurricane Sandy four years ago. Thousands of people in Louisiana lost everything. However, there is some great news for people that...
The flood waters from Hurricane Irma and Hurricane Harvey have receded. The damage left behind is estimated to exceed $150 billion, on par with the cost of Hurricane Katrina. When any natural disaster strikes, public and private actors step up to cover costs. Also, payouts...
The recent flooding of several neighborhoods in New Orleans brought back painful memories to residents city-wide. Many residents compared their feelings of being trapped inside of their home due to flooding to the feelings they had during Hurricane Katrina, a Category 3 storm with 127...
Hurricane season has only just begun, but many political leaders are already looking to the future in how to protect citizens from potential flooding. However, since hurricanes and flooding affect plenty of people outside of Louisiana, there is a renewed interest in national protection. Louisiana...
New NOLA Flood Maps Change Requirements, Not Recommendations As you may or may not know, on September 30, 2016, the Federal Emergency Management Agency’s new flood maps went into effect in New Orleans. These maps contain geographic areas for which FEMA has defined the flood risk...
Flood Insurance is necessary. Several Northern Louisiana Homeowners were notified by their mortgage companies that they were no longer required to buy flood insurance. The requirement was dropped after the Federal Emergency Management Agency (FEMA) accepted revisions to the area’s floodplain map, based in part...
