The Federal Emergency Management Agency (FEMA) is expected to change the flood map in Louisiana that will decrease the quantity of land that will be referred to as flood zones in Lafayette Parish. The first update to the flood map for the parish in Louisiana was in 1996. FEMA has announced that a final version of the map has been developed, but that it is not yet available for release. According to officials from the city-parish, it is expected that the map will become available to them within the next…
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FEMA seeks to partially privatize National Flood Insurance
The National Flood Insurance Program (NFIP) has had a troubled history. The program is meant to provide affordable home insurance coverage to those that live in areas prone to flooding either from hurricanes or other storms. Thousands take advantage of the program, but it has suffered shortfalls in funding, putting NFIP $18 billion in debt. Congress has been debating solutions to this problem. Legislators have until September 30th to figure it out or the program will be abolished. FEMA administrator Craig Fugate may have a plan that could offset NFIP’s…
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