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Politics

Louisiana governor requests bailout as flood costs rise to $15 billion

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The cost of August’s historic flooding in Louisiana is surging into view now, and rising as fast as riverwater. It could hit $15bn, according to a new report, and state officials and residents have begun scrambling to find money as southern Louisiana slowly dries out.

Flood insurance will cover only a fraction of the cost, because 80% of the homes affected – more than 110,000, and almost as many vehicles – had no such insurance. The region has never flooded in living memory, and in many areas flood insurance was not even available.

On Friday during a trip to Washington, Governor John Bel Edwards requested a $2bn bailout package in addition to the money the federal government has already pledged. In a two-day series of meetings with aid brokers in every corner of the capital – representatives, senators, and the president’s advisers – Edwards stressed that his state wouldn’t survive without a swift drop of cash. – READ MORE

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  • Mary J

    There are no clear culprits in this disaster. No flooding had ever occurred, so in some instances flood insurance wasn’t even available. There are lots of victims, however, and thought must be given to using raised pier and beam instead of slab foundations. A slab foundation is only required to be 8 inches above grade. In a state with an average elevation of 100 ft above sea level that height is risky, and will become more so in the future.