DATABASE SEARCH RESULTS : DISASTERS: FLOODS : UNITED STATES: STATES: LOUISIANA : ENVIRONMENT: GLOBAL WARMING AND CLIMATE CHANGE : STATISTICS: Sobering Stats: 110,000 Homes Worth $20B in Flood-Affected Areas in Baton Rouge Region, Analysis Says

 

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DATABASE SEARCH RESULTS :

DISASTERS: FLOODS :

UNITED STATES: STATES: LOUISIANA :

ENVIRONMENT: GLOBAL WARMING AND CLIMATE CHANGE :

STATISTICS:

Sobering Stats: 110,000 Homes Worth $20B in Flood-Affected Areas
in Baton Rouge Region, Analysis Says

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Sobering Stats: 110,000 Homes Worth $20B in Flood-Affected Areas
in Baton Rouge Region, Analysis Says

BY ANDREA GALLO AND GORDON RUSSELL

PUBLISHED August 19, 2016 AT 11:31 AM

UPDATED August 19, 2016 AT 12:04 PM

The Advocate

http://www.theadvocate.com/louisiana_flood_2016/ article_62b54a48-662a-11e6-aade-afd357ccc11f.html

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A shorter URL for the above link:

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http://tinyurl.com/z9l245g

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The floodwaters that swept through south Louisiana over the past week may have reached 31 percent of the homes in Baton Rouge and the eight surrounding parishes, according to a detailed but preliminary economic analysis of the disaster released Friday.

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The report from the Baton Rouge Area Chamber translates that figure into an estimate of roughly 110,000 homes, valued at $20.7 billion, that could have flooded because they were located in neighborhoods where water pooled. The homes included in the analysis are spread across East Baton Rouge, Livingston, Ascension, East Feliciana, Iberville, Pointe Coupee, St. Helena, West Baton Rouge and West Feliciana.

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The potential damage figure is far higher than any put forward thus far. State officials have said over the past week that at least 40,000 homes were thought to have flooded, although BRAC officials cautioned that the 110,000 homes in flooded areas may not all have taken on water, accounting for some of the discrepancy.

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The new analysis makes clear that Livingston Parish was the hardest-hit parish, with a whopping 86.6 percent of its homes located in flooded areas. Just 21.7 percent Livingston Parish homes are covered by flood insurance, suggesting that perhaps three-fourths of those who flooded will be forced to go into debt or tap savings to rebuild.

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That group, in Livingston Parish alone, could number in the tens of thousands, the analysis suggests.

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Regionally, the data show there were about 52,896 flood insurance policies in effect  about half the estimated number of homes that flooded. But because some people with flood insurance did not experience flooding, the proportion of flood victims with flood insurance is probably far lower than 50 percent.

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The good news is that the three parishes that appear to have suffered the most damage — Livingston, East Baton Rouge and Ascension, according to the report — are the ones with the highest proportion of insured people and the greatest number of flood policies. Still, BRACs numbers suggest that at least 42,000 households in those three parishes may have flooded and didnt have insurance policies.

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Across the capital region, an average of just 15 percent of households have flood insurance. The highest take-up rates are in Ascension and Livingston, at 23 and 22 percent, respectively.

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BRACs analysis represents the first complex effort that attempts to measure the impact of the flooding that has ruined thousands of homes and forced thousands of families to evacuate to shelters across the region. As such, it comes with a series of caveats.

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The biggest is that the analysis is not an actual count of damaged properties, but an estimate of how many might have flooded.

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The complete article may be read at the URL above.

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DATABASE SEARCH RESULTS : LOUISIANA FLOODS

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