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In areas FEMA deems highest risk — known as the 100-year flood zone — flood insurance is required on government-backed mortgages and many banks also require it for mortgages in high-risk areas.
Flood-prone states like Florida, Texas, and Louisiana have the most homes insured under the NFIP, but in states as varied as Massachusetts and Arizona, nearly every county has experienced 50 or ...
One Louisianian and potentially more will speak to a Congressional Committee about rising flood insurance costs. Congressional committee to hear testimony from Louisiana on effects of FEMA flood ...
Across Louisiana, about 21% of all structures have coverage under the National Flood Insurance Program. Despite this, in many parishes that percentage is much lower. In St. Helena Parish, which was among the hardest hit parishes by the floods, less than 1% of all homeowners had flood insurance. [58] [59]
The National Flood Insurance Program (NFIP) is a program created by the Congress of the United States in 1968 through the National Flood Insurance Act of 1968 (P.L. 90-448). The NFIP has two purposes: to share the risk of flood losses through flood insurance and to reduce flood damages by restricting floodplain development.
Insurance Commissioner Jim Donelon said the recovery program moved tens of thousands of people off the rolls of Louisiana Citizens and into policies held by private insurers, who on average raised ...
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