Scalise, Trump, Louisiana LIVE

Thursday, 07 November 2013 15:05
Jefferson Parish President John Young highlights flood insurance price threats
Written by 

john-youngAccording to many South Louisiana business leaders, government officials and realtors, a tidal wave of danger is coming to the region and, frankly, throughout much of the United States.

 While this natural and in many ways, a man-made threat, will not knock down roofs or raise waters to the ceilings, it will cause flood insurance prices to rise dramatically.   Skyrocketing prices will result in the  horrific fall of property values throughout the southern part of the state and in many locations throughout the nation--some thousands of miles away from any gulf or ocean.

Jefferson Parish President John Young is one of those elected officials who has been trying to convince the Obama administration and members of Congress about the impending insurance premium disaster that has come about due to the recent changes to the National Flood Insurance Program (NFIP) .

In a Bayoubuzz Google Hangout interview on Thursday, Young discussed how Congressional legislation passed last year has resulted in serious unexpected consequences that is already starting to affect property owners in the parish and elsewhere.  Young said that unless the Obama administration and Congress take immediate and significant actions to delay the implementation of the law, flood insurance prices will skyrocket exponentially.

According to Young, the ripple effect could cause economic upheaval causing homeowners to default on their mortgages, properties to essentially fall out of commerce due to the uncertainties of the future and the realities of the unaffordable costs to own property.

The seriousness of the possible damage is reflected in the Friday visit of the California Democratic Congresswoman Maxine Waters to the region. Waters, co-authored the legislation along with Republican Congresswoman Judy Biggert.

According to Young, Jefferson is one of the parishes that could be most walloped by the inundation of high flood insurance premiums, significant property price reductions and free-falling economies.

So, what is Young, other state elected officials and a large national coalition attempting to do to maintain the proverbial flood gates from being overwhelmed by exorbitant insurance costs increases? 

In the Google Hangout interview, Young discussed this and other issues including the political opposition to the slowing down or the delaying of the legislation, somewhat ironically named “Biggert Waters” after the co-authors.

Login to post comments
  • Despite 5th plea, Schiff says House Intelligence Committee pursues Flynn's documents
  • Facebook Live: Discuss harm of Trump budget proposal on Louisiana coastal economy, restoration
  • Governor Edwards welcomes Pence with Medicaid, budget, Louisiana coast wishlist
  • World Premiere tonight in N.O. Bilderberg, the Movie

flynn2Despite General Michael Flynn’s announcement via his counsel that the General and former head of National Security, would take the 5th Amendment in Congressional proceedings, the Intelligence Committee will pursue information, regardless.

Read More

560 usgs land loss map 2The efforts to rebuild the Louisiana coast has suffered a major and immediate setback, assuming that Congress goes along with the most recent budget proposal from President Trump.

Read More

penceToday, Governor John Bel Edwards welcomed Vice President Mike Pence to Louisiana as he Veep is attending a event with top Louisianqa Republican officials. Along with the welcome, however, is a wishlist of requests including an item of recent vinctage involving the current Trump budget which tears a hole into the funding for the Louisiana coastal restoration. 

Read More

bilderbergIt is always an honor when a movie premiere is held in New Orleans and tonight is no exception. At 7:30 p.m. Bilderberg, the Movie will premiere at the historic Prytania Theatre, 5339 Prytania Street.

Read More


Sen. Appel talks budget, economy


Dead Pelican

Optimized-DeadPelican2 1 1