flood

The Uncertain Future Of Flood Insurance

Jul 25, 2017
orientalizing/via Flickr (Creative Commons 2.0)

Since last August, the popularity of flood insurance has again surged in Louisiana, but the future of the debt-laden National Flood Insurance Program is uncertain. Since 2005, the program has racked up $24.6 billion dollars in liability to the U.S. Treasury, mostly due to claims after Hurricane Katrina, Superstorm Sandy, and the Great Louisiana Flood of 2016. That’s just one way that Louisiana’s past is influencing the federal program’s future.

Jessica Rosgaard / WWNO

86 thousand homes in Louisiana had damage from flooding last year, and state recovery officials are working to distribute federal recovery dollars to flood victims. In order to find out who flooded and how badly, the state set up a survey; only 31 thousand households have filled it out.

Karen Henderson/WRKF

Many homeowners who flooded last August are making significant progress on home repairs. Others though are dealing with a second devastation, the betrayal of a trusted contractor.