recovery

Citizen's Insurance
1:41 pm
Fri September 14, 2012

Citizens pays $61 million to settle storm claims

A state-run insurance company of last resort has agreed to settle two remaining class-action lawsuits tied to claims handled after hurricanes Katrina and Rita for $61 million.

The board for the Louisiana Citizens Property Insurance Corp. voted unanimously Thursday to settle the long-running lawsuits. Policyholders sued the company over the slow handling of claims after the hurricanes struck in 2005.

The board also authorized company CEO Richard Robertson to put a cap of $4,500 per claim.

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Hurricane Isaac
1:36 pm
Fri September 14, 2012

Citizens receives over 13,000 claims from Isaac

Louisiana's property insurer of last resort says Hurricane Isaac has resulted in over 13,000 claims and they expect more to come.

Vice President and Chief Claims Officer of Louisiana Citizens Property Insurance Corp. Quin Netzel said Thursday most claims average a little over $5,000. He said they're expecting between 15,000 and 17,000 claims as a result of Isaac and so far 36 percent of received claims have been inspected, while 4 percent of claims have been closed.

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St. James Parish Schools
1:26 pm
Thu September 13, 2012

Isaac damage reported to St. James schools

Officials say Hurricane Isaac caused no catastrophic damage to St. James Parish public schools, but the district needs to spend $500,000 to $750,000 for storm repairs.

Jim Mitchell, administrative director of business services for the district, told school board members Wednesday the Federal Emergency Management Agency would reimburse the district for at least 75 percent of eligible costs because the parish has been declared a disaster zone.

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Hurricane Isaac
12:01 pm
Thu September 13, 2012

New Orleans to get $27.3 million from FEMA

New Orleans will receive $27.3 million in grants from the federal government to help cover some of the city's costs related to Hurricane Isaac.

The grants from the Federal Emergency Management Agency were announced Wednesday in a joint news release by Sen. Mary Landrieu, Rep. Cedric Richmond and Mayor Mitch Landrieu. Some of the money will reimburse the city for labor and equipment for a variety of emergency protective measures including police patrols and operation of major drainage systems and pumps.

Business & Technology
5:00 pm
Wed September 12, 2012

Small business center to open in St. John

The Small Business Administration, Louisiana Department of Economic Development and the Louisiana Small Business Development Centers will open a business recovery center in St. John the Baptist Parish for companies affected by Hurricane Isaac.

The center opens Thursday at 2013 W. Airline Highway in LaPlace.

Its hours will be 8:30 a.m.-5 p.m. on Thursdays and Fridays.

Hurricane Isaac
4:18 pm
Wed September 12, 2012

After Isaac exposes oil, BP aims to dig it out

BP PLC says it wants to aggressively clean up buried oil exposed on Louisiana's beaches by Hurricane Isaac's churning waves.

The company wants to dig deep into beaches and remove oil buried since a BP well blew out on April 20, 2010, leading to the nation's largest offshore spill.

But digging deep can bring its own problems — it can be harmful to creatures that live on beaches or feed on them and it also may lead to erosion by loosening up sand. Erosion is a constant worry in Louisiana because the state is losing land at an alarming rate.

Hurricane Isaac
3:49 pm
Wed September 12, 2012

La. crops: Preliminary Isaac damage estimate $100M

LSU AgCenter economist Kurt Guidry says good weather over the next several weeks could do a lot to reduce a preliminary estimate of $100 million in crop damage from Hurricane Isaac.

He says the preliminary figure is less than damage from last year's drought.

Some farmers lost all of some crops. Guidry says about 250 acres of vegetables were reported as a total loss, and losses were high on another 50 acres or so. But 7,000 to 8,000 acres of vegetables were unharmed.

Courts
3:46 pm
Wed September 12, 2012

Katrina floodwall case heads to trial

The Army Corps of Engineers is back on trial, seven years after Hurricane Katrina's storm surge shredded New Orleans' flood protection system.

Starting Wednesday, a federal judge will hear testimony in a lawsuit by several homeowners who claim negligence by the corps and a contractor caused the failure of floodwalls protecting the Lower 9th Ward and neighboring St. Bernard Parish.

The corps says rain and storm surge overtopped floodwalls along the Inner Harbor Navigation Canal.

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Food Stamps
6:30 am
Wed September 12, 2012

Hours extended to apply for food assistance

State officials say hours have been extended in Orleans and Jefferson parishes for residents seeking disaster food assistance following Hurricane Isaac.

Suzy Sonnier, secretary of the Department of Children and Family Services, says both UNO's Lakefront Arena in Orleans Parish and the Alario Center in Jefferson Parish will process applications from 6 a.m. until 10 p.m. Wednesday for those whose last name begins with A through M; on Thursday, applicants N through Z will be processed.

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BP Oil Spill
4:43 pm
Tue September 11, 2012

Transocean, feds considered $1.5B settlement

Transocean Ltd. and the Justice Department have discussed a $1.5 billion settlement that would resolve federal civil and criminal claims against the company over its role in the deadly 2010 rig explosion that spawned the nation's worst offshore oil spill.

But Switzerland-based Transocean Ltd. said in a regulatory filing Monday that a "number of issues," including the possible time period for payment, must be resolved before a deal can be completed.

A Justice Department spokesman declined to comment.

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