The Business Source for Flood Recovery Legal News & Opinion
Dear Readers,
We are keeping a close eye on Hurricane Matthew in the Atlantic Ocean and are keeping all in harm’s way in our thoughts.
While the Flood Law Blog may not be relevant to those who are in Matthew’s path, we believe that information, press releases, and articles similar to those we were able…
How does a company that lost books and records to the Louisiana flooding reconstruct financial and other business records?
Members of the McGlinchey Stafford Flood Law Blog team, Angie Christina, Managing Editor/Content Editor, and Rudy Aguilar III, Editor-in-Chief, provided answers to this question and others, as well as tips for business owners, in…
As announced today by Congressman Garret Graves, the United States Department of Housing and Urban Development (HUD) will allocate $13 million of “sanction funds” to aid recovery in Baton Rouge and Lafayette.
Sanction funds are previously unused fund recuperated from grantees and may be used for infrastructure needs, small business and economic development needs,…
Due to the State of Emergency declared on August 12, 2016 by Governor John Bel Edwards in response to the historic flooding in parts of Louisiana, and the inability of many insurance policy holders to repair their property within normal time frames because of a shortage of building materials, contractors, and construction workers, the Commissioner…
On Friday, September 9, 2016, Louisiana Economic Development (LED) issued a flood damages assessment estimating that the historic August 2016 flood caused Louisiana businesses $2 billion in damages.
At peak, LED estimates that 278,500 Louisiana residents were unable to work due to temporary closures, suspension of operations, transportation impasses, and residential flooding.
LED commissioned the…
The federal government has been authorized to cover a larger percentage of the costs for repairing damage to public infrastructure caused by the recent flooding in South Louisiana.
According to a letter dated September 8, 2016, from President Obama to Louisiana Governor John Bel Edwards, the federal cost share for public assistance projects has been…
The Federal Emergency Management Agency (FEMA) and the City of New Orleans will host a September 15 workshop providing information on FEMA’s new Flood Insurance Rate Maps (FIRMs) that become effective on September 30, 2016.
Many New Orleans residents and businesses are expected to see decreases in their flood insurance costs due to improvements in…
The LSU Agricultural Center has compiled an interactive map showing Louisiana Flood Zones.
The interactive tool allows users to view estimated flood risk and estimate 100-year flood depth in a building, among other features. Notably, for any point on the map, you can see whether an area has been identified as a special flood…
The Louisiana flood disaster unfortunately brings to the fore a unique set of issues for banks and financial institutions, both those located in south Louisiana and those who have customers impacted by the flooding. Many financial institutions have branches, offices, and operation centers that sustained flood damage. Many more have customers whose homes were flooded…
A recent article from HousingWire examines the impact of the 2016 Louisiana floods on the housing market of the city of Baton Rouge and surrounding areas.
The article notes that prior to the flooding, the supply of available housing in Louisiana’s capital city was already low.
Now, after thousands have been displaced from their homes…
