Louisiana
Sen. Cassidy says Louisiana’s coastal areas will benefit from new federal infrastructure law
THIBODAUX, La. (WVUE) – Louisiana Sen. Invoice Cassidy stated Monday (Aug. 22) that the just lately handed federal infrastructure regulation will profit the state’s coastal communities whereas additionally serving to the oil trade.
“It has cash for coastal restoration, flood mitigation, issues that may revitalize the power trade,” the Republican lawmaker stated at a luncheon in Lafourche Parish sponsored by the Bayou Industrial Group.
Not removed from Freeway 1, the place homes sit alongside the bayou, Cassidy mingled with enterprise, civic and political leaders in Thibodaux. Touting methods the $1 trillion federal infrastructure regulation will profit the realm was excessive on his agenda.
Earlier than his speech, Cassidy instructed Fox 8 that the infrastructure package deal is benefitting smaller communities simply as it’s bigger, extra populated areas.
“One instance: There’s $65 billion to be sure that each parish and county, that everybody in them has entry to high-speed reasonably priced web,” Cassidy stated. “Now, while you go additional south than these parishes — Lafourche and Terrebonne — you start to lose web. (So) that’s financial growth, that’s catastrophe (help), that’s telehealth. So, that is going to filter out to smaller communities, less-populated communities, and that was a part of our intent.”
Stacey Nichols, government director of the Bayou Industrial Group, stated the enterprise group is a non-partisan group that doesn’t take positions on points, however invitations audio system to realize data.
“Within the enterprise neighborhood, there’s so many issues. However in our space particularly, we’re at all times speaking about coastal points, fuel manufacturing and drilling, issues like that. It’s going to range so much primarily based on trade.”
Cassidy stated offshore power manufacturing just isn’t being ignored.
“There’s going to be elevated offshore manufacturing, primarily based upon latest laws handed by Congress,” Cassidy stated. “Nevertheless it received’t simply be offshore oil and fuel manufacturing. Within the infrastructure invoice, there’s additionally cash for carbon seize utilization sequestration. We take one thing out of the bottom, however we use the identical workforce and the identical know-how to place stuff again underneath the bottom. It makes our trade extra aggressive. It creates extra American jobs.”
Lafourche Parish president Archie Chaisson stated federal purple tape stays a difficulty practically a yr since Hurricane Ida.
“It appears, in quite a lot of instances, that the great should undergo for the dangerous, as a result of individuals have misspent earlier obligations,” Chaisson stated. “However we’re hopeful to have the ability to work with Sen. Cassidy and even the FEMA administrator on how these processes work and see if there’s a approach to pace it up, in order that we are able to pace up the restoration on our finish.”
And with the Ida restoration not full in Lafourche Parish, some stated that provides to the angst because the hurricane season progresses.
“Look, we nonetheless have short-term roofs on quite a lot of our buildings,” Chaisson stated. “We nonetheless have pump stations which are in imminent hazard of failure. So all these issues that issue into our hurricane planning, in addition to the 4,000-plus individuals we nonetheless have in short-term shelter.”
Cassidy stated extra catastrophe funding may very well be made accessible.
“There’s one thing known as a catastrophe supplemental,” he stated. “We take all of the disasters within the nation, through which there must be just a little bit of additional {dollars} or quite a lot of further {dollars} to assist individuals utterly get well as a lot as they will. We predict there will likely be one other a kind of this yr and there will likely be further {dollars} to assist these of us nonetheless recovering from Ida.”
Rising flood insurance coverage premiums are a priority alongside the coast, in addition to in different areas of southern Louisiana.
“We’re preventing issues like our flood insurance coverage price maps and Threat Ranking 2.0 and the way that provides to the nervousness of people who find themselves nonetheless recovering, coping with their householders’ insurance coverage,” Chaisson stated.
Cassidy says he continues to work on flood insurance coverage points. It’s as much as Congress to reauthorize the Nationwide Flood Insurance coverage Program.
“It will likely be reauthorized this yr, I’m assured in that,” he stated. “However now we have been placing collectively a invoice which might each cap the quantity of price will increase, make this system extra reasonably priced, extra sustainable, extra accountable to the taxpayer.
“It’s going to have some price of development (in premiums) as a result of there’s inflation. Nevertheless it must be capped a lot decrease than this 18 %, which is compounding now, or else individuals will simply be unable to afford their flood insurance coverage.”
Cassidy additionally commented on the push to make public the affidavit associated to the search of former President Donald Trump’s Florida property. Cassidy known as for as a lot transparency as attainable.
“In impact, he admitted to having the paperwork, however stated they have been declassified,” Cassidy stated. “Effectively, that’s one thing we must always be capable of know, and the method needs to be as clear as attainable.
“The American individuals have to know, was there one thing there or is that this a political hit job?”
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Louisiana
Louisiana Treasurer takes aim at Bank of America, but others have similar ESG policies
![Louisiana Treasurer takes aim at Bank of America, but others have similar ESG policies Louisiana Treasurer takes aim at Bank of America, but others have similar ESG policies](https://bloximages.newyork1.vip.townnews.com/theadvocate.com/content/tncms/assets/v3/editorial/6/4c/64c7e858-b11f-552f-9e9f-e4440a83eb93/651df5b46e602.image.jpg?crop=1763%2C926%2C0%2C124&resize=1200%2C630&order=crop%2Cresize)
In rejecting Bank of America, Fleming aligned himself with other state finance officials from the State Financial Officers Foundation, a right-leaning organization that casts ESG policies as a tool used to aid progressive politics.
In an April 2024 letter, Fleming and 14 other SFOF members said the financial institution “had a track record of de-banking religious organizations” and that its “Net-Zero Banking Alliance commitments will also lead to de-banking.”
The Net-Zero Banking Alliance is a coalition of banks that have pledged to align their lending and investments with net-zero emissions goals to limit global temperature increases.
In a May response, Bank of America said that “religious beliefs or political view-based beliefs are never a factor in any decisions related to our client’s accounts.”
Other fiscal agents
Fleming last week did not mention JPMorgan Chase, which is also a member of the Net-Zero Banking Alliance.
Nor did he mention US Bank, which in a 2023 report said it intends to “partner with our clients on their transition to a lower carbon economy” and called itself “one of the most active renewable energy investors in the nation.”
Bank of New York Mellon also considers climate in its investments, and Capital One and Hancock Whitney have taken steps in that direction.
Regions Bank and Cadence Bank have taken steps to reduce their own greenhouse gas emissions.
Fleming said any decisions about state fiscal agents are up to the IEB. But he defended his recommendation to reject Bank of America as a way to push back against policies he deems harmful to Louisiana. The IEB has not scheduled a vote on Bank of America’s application.
“As we create counter pressure, what we’re finding is (banks) are beginning to back away from some of these things,” Fleming said, though he did not point to specific examples.
Meanwhile, Moller said he commends public companies that consider problems associated with climate change. Because Louisiana is particularly susceptible to the negative impacts of climate change, “if anything, we should be trying to do more business with companies that take this threat seriously,” he said.
The Associated Press contributed to this report.
Louisiana
Louisiana senators Cassidy, Kennedy still seeking flood insurance reforms
![Louisiana senators Cassidy, Kennedy still seeking flood insurance reforms Louisiana senators Cassidy, Kennedy still seeking flood insurance reforms](https://gray-wvue-prod.cdn.arcpublishing.com/resizer/v2/QCIYJDBUX5F6NFE77KAKMIUD6U.jpg?auth=4409591e87964db363e8a1a1a0c7b06bce28a0e414a770aa7bd3dea082f37fef&width=1200&height=600&smart=true)
NEW ORLEANS (WVUE) – Amid increasing flood insurance costs, Louisiana’s U.S. senators say they are continuing to push for reforms to the National Flood Insurance Program.
Property owners are seeing higher flood coverage premiums, on top of soaring property insurance costs.
Katherine Drezek is a Louisiana homeowner who said she has seen her flood insurance premium rise in recent years.
“Yes, I think all the insurance has gone up, not only flood insurance. Fire insurance, just the house insurance period, has gone up,” she said.
Still, Drezek has not considered dropping her flood coverage.
“No, I live too close to the lake not to have flood insurance. I mean we live in Louisiana, we need flood insurance,” Drezek said.
With Congress in recess, Republican senators Bill Cassidy and John Kennedy were speaking Tuesday (Aug. 20) in the New Orleans area.
Cassidy toured Wrstbnd, a company in the Elmwood section of Jefferson Parish, after he spoke to the River Region Chamber of Commerce. And on the north shore, Kennedy addressed the St. Tammany Chamber.
“We need to fix the flood insurance program. The first thing we need to do is expand it,” Kennedy said.
Only a fraction of the properties in the U.S. are covered through the National Flood Insurance Program. According to FEMA, the NFIP protects more than $1.28 trillion in assets through nearly 5 million policies.
“We’ve got about 5 million people across America that’s got flood insurance. That’s not enough,” Kennedy said. “That’s not enough, because the more people you have, the more risk you can spread.”
Fox 8 asked Cassidy if there should be an effort to get more properties covered by flood insurance.
“There should be,” he said. “Banks are supposed to require it if homes are at risk. One thing we know is that more homes are at risk. So, for example, more people are building next to the coast. People want to live next to the water, and so that almost inherently puts them at risk.”
But he added that high costs are keeping some property owners from either acquiring or keeping flood insurance.
“On the other hand, if the premium is so expensive people can’t afford it, it drops off,” Cassidy said.
Cassidy said he wants Congress to mandate FEMA to take into account more levees when determining flood insurance rates.
“Right now, if a levee works but it’s not federally recognized, FEMA does not include that levee in their kind of risk assessment,” Cassidy said. “But the levee works. People can show flood water on one side, dry homes on the other. So, we would require FEMA to begin taking into account these non-federally recognized levees which work.”
Kennedy said, “I’m for creating some sort of national catastrophe fund that includes flood, that includes fire, earthquake. That’s harder to do than it sounds, but you get 15, 20, 30 and 40 million people in a fund, you can spread the risk better than you can with only five million.”
Under Risk Rating 2.0, the methodology FEMA has been using in recent years to determine premiums, rates can legally be increased up to 18% a year.
“This algorithm apparently can look into the future and tell whether your home is going to flood 45 years from now. I don’t believe it. I think it was an excuse to raise premiums,” Kennedy said.
With U.S. House members and some senators up for reelection in November, pundits say Congress will hesitate to pass consequential legislation before the end of the year.
On the prospects of getting NFIP reforms approved this year, Cassidy said, “I can’t tell you that it’s going to happen, but I can tell you that we’re in active negotiation as to how we could help lower-income Americans afford their flood insurance.”
Kennedy concedes that reaching a consensus on how to change the program will be difficult.
“We need to fix it,” he said. “But it’s not easy to do, because you’ve got a lot of people who, first, don’t care. They’re in a state that’s never flooded. And No. 2, we’ve got a lot of different points of view about how to fix it.”
Drezek said she has a message for Congress.
“Lower it. Please, please, please lower the insurance,” she said.
Kennedy said Congress will not let the program expire.
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Louisiana
NOAA's Long-Range Winter Forecast Details Louisiana's Odds for Icy Weather
![NOAA's Long-Range Winter Forecast Details Louisiana's Odds for Icy Weather NOAA's Long-Range Winter Forecast Details Louisiana's Odds for Icy Weather](https://townsquare.media/site/33/files/2021/02/RS23225_GettyImages-868098784.jpeg?w=1200&q=75&format=natural)
LAFAYETTE, La. (KPEL News) – After an excruciatingly hot summer, some folks in Louisiana are hoping for a cooler winter to try and take the edge off. Some (especially students throughout the state) might even be hoping for some snow days this year.
However, the National Oceanic Atmospheric Administration (NOAA) long-range forecast does not offer much to anyone hoping for a lot of cold and ice.
NOAA released its forecast last week, and it looks like the warm summer months will lead to warmer-than-usual winter months and fewer chances for frozen weather.
“The September-October-November (SON) 2024 temperature outlook favors above-normal temperatures across a majority of the contiguous U.S. with the largest probabilities (exceeding 60%) forecast for New England and parts of the Southwest,” NOAA said in an update issued on August 15. “Increased below-normal temperature probabilities are forecast for southwestern Alaska, while above-normal temperatures are more likely across northern Alaska.”
On top of that, NOAA says that “La Niña is favored to develop during September-October-November,” with a roughly 70 percent chance of that forecast happening.
How Cold Will It Be?
We don’t have exact temperatures, but NOAA is predicting that temperatures will be higher than average this winter across the southwest and along the southern border.
In other words, you might not need the heavy winterwear quite so much this year.
And if you’re looking for a snow day, there’s a chance you’ll be disappointed.
According to the NOAA forecast, the chances of precipitation across the southwest and even across the southern part of the country into southern California will be experiencing less precipitation than normal – likely due to the impacts of the La Niña system expected to develop.
The fall forecast from The Old Farmer’s Almanac, which is renowned for its long-range forecasts, cites “near-normal” temperatures for Louisiana
This means that temperatures will be in the lower 70s by the time we get to November, which will be a significant cool-off from September (upper 80s) and October (mid-70s).
![News Talk 96.5 KPEL logo](https://townsquare.media/wp-content/uploads/2019/05/KPELFM.png?w=100)
But after that comes winter, and the first frost of the season is expected to hit Louisiana around the time November is ending and December is coming around.
While that first frost is comforting, it doesn’t mean a very icy winter is in the cards.
READ MORE: Farmer’s Almanac Predicts the First Frost Dates of 2024 for Louisiana
Here’s the list of first frost dates for Louisiana, so you can see how quickly we’ll start getting that cooler weather.
• Lafayette, La. – November 26, 2024
• Alexandria, La. – November 18, 2024
• Baton Rouge, La. – November 17, 2024
• Lake Charles, La. – November 28, 2024
• Monroe, La. – November 8, 2024
• Natchitoches, La. – November 21, 2024
• New Orleans, La. – December 19, 2024
• Ruston, La. – November 8, 2024
• Shreveport, La. – November 16, 2024
The Top 9 States Louisiana ISN’T Moving To
Gallery Credit: Joe Cunningham
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