Congress’s failure to pass a funding bill to keep the federal government operating also means the National Flood Insurance Program is no longer active. Don Molino has the story…
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One economist says Louisiana will soon reach a jobs milestone. Andrew Greenstein reports.
Cut 2 (35) “…I’m Andrew Greenstein.”
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Congress’s inability to approve a government funding bill has resulted in the expiration of the National Flood Insurance Program. Louisiana Commissioner Tim Temple says this means the N-F-I-P cannot issue new or renew existing flood insurance policies…
NFIP policies currently in effect will continue until the end of the current one-year policy term. Temple says the NFIP can still pay claims, but that will stop once available funds run out…
Cut 4 (10) “…hurricane season.”
The government shutdown and the failure of Congress to reauthorize the National Flood Insurance Program also impacts real estate transactions. Temple says properties in the Special Flood Hazard Area are required to have flood insurance….
Temple says private flood insurance is available and home buyers can contact a property insurance agent for assistance in helping to find private flood insurance.
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One economist is predicting that Louisiana is going to achieve a significant employment milestone within the next two years. Dr. Loren Scott says Louisiana is expected to add almost 75-thousand jobs over the next two years, pushing the state past the elusive two-million jobs threshold.
Cut 6 (11) “…employment in Louisiana.”
Dr. Scott says the record employment is being driven in large part by the industrial construction boom throughout the state. He says in Shreveport, one thing to watch for is whether a long-rumored project will come to fruition.
Cut 7 (10) “…sign non-disclosure agreements.”
Scott says further east, Monroe is already starting to feel the effects of the Meta data center being put up in Richland Parish.
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We’re looking at higher rain chances this weekend, but mainly for southeast Louisiana as tropical moisture could bring much needed rainfall to that part of the state. LSU Health Climatologist Barry Keim says the whole state could really use some rain…
Cut 9 (12) “…part of the state.”
Keim says the National Hurricane Center has identified an area of low pressure near the Bahamas that has a low potential of developing into a tropical depression. Keim says this tropical disturbance is helping to bump up the rain chances for southeast Louisiana…
Cut 10 (12) “…anybody’s guess.”
Keim says rain chances will increase on Sunday…