President Joe Biden has placed a moratorium on new oil and gas lease sales in the Gulf of Mexico, which will hurt Louisiana’s oil and gas industry. Jeff Palermo has the story…
Cut 1 (31) “…I’m Jeff Palermo”
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State Insurance Commissioner Jim Donelon says insurers have paid or reserved $7.7 Billion in claims on hurricanes, Laura, Delta, and Zeta combined. Brooke Thorington has more.
Cut 2 (31) “…I’m Brooke Thorington.”
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U-S Senator John Kennedy says President Joe Biden has delivered a devastating blow to Louisiana’s economy by placing a moratorium on new oil and gas lease sales on federal lands and in federal waters. including the Gulf of Mexico. Kennedy says the executive order is a job killer…
Cut 3 (11) “…leave our state.”
Kennedy is calling on his Democratic colleagues in the state legislature and in local governments to call the White House and let them know how much this will hurt..,
Cut 4 (10)“…Louisiana families.”
Environmentalists applaud the moratorium and the efforts by the Biden administration to reduce emissions. But Democratic Governor John Bel Edwards believes a balance can be struck between oil and gas production in the Gulf of Mexico while also protecting the environment
Cut 5 (11) “…our country.”
The moratorium will not impact ongoing drilling operations, but energy experts say the President’s climate plan is not good for Louisiana’s oil and gas industry. Edwards says it will take decades to move away from fossil fuels towards more renewable energy resources, which is why oil and gas from the Gulf of Mexico is still vital…
Cut 6 (07) “…continue.”
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Insurers have paid or reserved $7.7 billion on claims in Louisiana through the end of 2020 from hurricanes Laura, Delta, and Zeta. Insurance Commissioner Jim Donelon says claims from Katrina in Louisiana alone were $24.3 billion the costliest for the state, followed by Rita at $3.3 billion, but now Rita has been eclipsed in insurance costs.
Cut 7 (11) “…losses.”
Donelon says of the three major storms that hit the state in 2020 policyholders filed 291,000 claims and insurers consider 80-percent of those claims closed. Of those claims about half were not paid, Donelon says it’s because many policies require a two to five percent named storm deductible of the insured value of your property.
Cut 8 (11) “…company.”
Donelon says $6.6 billion has been paid so far of the $7.7 billion of claims from Hurricanes Laura, Delta and Zeta combined.
Cut 9 (13) “…process.”
Donelon says in addition to those clams in reserve being in the adjustment process, others are in litigation.
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Senator Bill Cassidy is expressing doubt about the Biden Administration’s push for 1,400 dollar stimulus checks and a 15 dollar an hour federal minimum wage.
Democrats made the promise of 2,000 dollar stimulus checks a centerpiece of their winning Georgia Senate campaigns. Cassidy says 2,000 is off the table, and they haven’t proven why most Americans need another 1,400…
Cut 10 (09) “…promise.”
Cassidy says the administration has a lot to prove, as data shows most Americans may not need an extra 1,400 dollars right now.
Cut 11 (09) “….increased.”
Cassidy says the push for 15 an hour by 2025 would kill struggling restaurants who are barely hanging on right now.
Cut 12 (09) “…jobs.”
Proponents argue the prophesied major job losses never materialized in jurisdictions that independently raised their minimum wages.
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The Louisiana Department of Education is developing a new program to help develop student’s emotional and social health in an effort to boost academic outcomes.
State Superintendent of Education Cade Brumley says leaders will participate in a series of workshops and five, six-hour-long modules to develop skills related to student emotional health…
Cut 13 (09) “….need.”
The training focuses on developing social/emotional help in early childhood.
In the 2018-2019 school year, there were 30,239 days of missed school by students serving out of school suspensions. Brumley says helping student before they act out is key.
Cut 14 (11) “…future.”
Brumley says leaders will learn how to teach kids to understand emotion, set goals, show empathy, and build positive relationships with their peers.
Cut 15 (06)“..absenteeism.”
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The Saints are reportedly 88 million dollars over the salary cap as they head into the offseason, which means significant roster moves are likely needed. General Manager Mickey Loomis says while he doesn’t know which moves will be made yet, it will certainly be challenging.
Cut 16 (11) “…the year after.”
One key player that will be a free agent is defensive end Trey Hendrickson, who had 13.5 sacks this past season. Loomis says he’ll be a hot target for a lot of teams but the Black and Gold would like to keep him in New Orleans.
Cut 17 (11) “…want him back.”
When it comes to selecting the right players in the upcoming draft, Loomis says the pandemic has made college scouting more difficult.
Cut 18 (15) “…players and coaches.”