The Mississippi River is wreaking havoc on the people of Louisiana as previous estimates of flooding levels have been reassessed and raised due to additional rainfall. Despite previous measures taken by the Army Corps of Engineers, many areas are expecting record flood levels. The Governor of Louisiana met with the Unified Command Group, which is made up of business and city officials and key participants from the health and transportation sectors. After the revision of the flood estimates the group decided to begin a series of new preparedness actions.…
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Many question if insurance will cover man-made floods
Recent storms in the south have left the Mississippi River engorged, raising concerns of imminent flooding. Floods have already occurred in Missouri after the Birds Point levee succumbed to the churning waters of the river. As the river continues to swell, the U.S. Army Corps of Engineers has begun taking measures to intentionally breach additional levees in an attempt to control flooding. The action has brought up concerns, particularly among the state’s farmers, about whether insurance companies will pay for damages caused by these man-made floods. The Army’s idea has…
Read MoreNational Flood Insurance Program on financial shaky ground
On Wednesday, a subcommittee of the House of Representatives approved amendments that could help revitalize the stagnant National Flood Insurance Program. The program is currently in a state of bankruptcy, having been unable to procure any additional funding from the government. It will continue to operate until September 30, when funding will run out completely. The legislation, which was passed by a voice vote, seeks to revamp the program to make it more financially sound and provide federal agencies such as FEMA more flexibility in their operations. “In the near…
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