News in the Region

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GNO Inc. challenges flood insurance rate hikes

PORT SULPHUR, La. —A business group is raising new questions about increased flood insurance rates in the face of Federal Emergency Management Administration’s $18 billion dollar deficit.

9/11/2013 | Read Story »

New Orleans a model for America’s struggling cities

Following a devastating Hurricane Katrina in 2005 and a disastrous Gulf oil spill in 2010, some predicted it would take decades for New Orleans to recover. But the city’s remarkable comeback now has others looking to the Big Easy for lessons in recovery.

9/10/2013 | Read Story »

Stormwater plan to use water, not eliminate it

Officials unveiled a $6.2 billion plan Friday that aims to change the way Orleans, Jefferson and St. Bernard parishes manage the 5 feet of rainwater they get every year.

9/9/2013 | Read Story »

New flood insurance guidelines released

WASHINGTON — The congressional fight to delay increasing flood insurance premiums is mired in the federal budget stalemate. Meanwhile, new insurance “rating guidelines” released this week confirmed the fears of dramatic insurance hikes for many southern Louisiana residents.

9/6/2013 | Read Story »

Water in New Orleans: pushing a new approach to old problem

Eight years ago, 25 acres in Gentilly that an order of Catholic nuns called a sanctuary became a danger zone as the floodwaters that followed Hurricane Katrina quickly inundated its grounds.

9/6/2013 | Read Story »

Flood maps raising cost of insurance

When Laurie Futch bought her parents’ converted cottage in the 1980s, she paid almost $50,000 to raise it above the government-designated flood level. Now the Marshfield homeowner finds herself, along with thousands of others in the south suburbs, facing new or substantially higher premiums for flood insurance based on the Federal Emergency Management Agency’s redrawing of flood lines.

9/1/2013 | Read Story »

Soaring flood insurance rates threaten to wash away property values, tax base

In recent months, it has become clear that Congressional action is needed to address unintended, drastic increases to National Flood Insurance Program (NFIP) rates for home and business owners along our coasts and rivers. A confluence of the Biggert-Waters Act of 2012 (which was meant to stabilize NFIP), incomplete and inaccurate FEMA maps, and questionable actuarial calculations have led to premium increases of up to 5,000 percent and more – even for policyholders who have built to code and never flooded.

8/29/2013 | Read Story »

Report highlights economic growth in New Orleans area

The New Orleans-area economy weathered the recession better than most of America and is beginning to diversify beyond the long-dominant tourism sector, according to the latest post-Hurricane Katrina annual report released by the Greater New Orleans Community Data Center

8/14/2013 | Read Story »