A new study is finally shedding some light on how wealth affects the availability of flood insurance both in Louisiana and nationwide. The study poses the question: how can we help lower-income people afford policies? Even though some flood policies are discounted, the discounts are...
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...
A recent study from the National Flood Insurance Program reported that “private flood insurance would reduce premiums for 69 percent of single-family homes in Louisiana, with 42 percent of homeowners paying less than one-fifth the price of policies.” As the National Flood Insurance Program is...
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...
According to the National Flood Insurance Program (NFIP), the number of flood policies in Louisiana is creeping towards an all-time high. Currently, there are more than 480,000 active flood policies in the state. There’s no question that the Louisiana Flood of 2016 is behind this...
