There's a quick, one-word explanation for why the federal government started selling flood insurance: Betsy.
Hurricane Betsy, which struck the Gulf Coast in 1965, became known as billion-dollar Betsy. Homes were ruined. Water up to the roofs. People paddling around streets in boats. Massive damage.
This would be the time when you'd expect people to be pulling out their flood insurance policies. But flood insurance was hard to come by. You could get fire insurance, theft insurance, car insurance, life insurance. Not flood.
Mayor Ray Nagin has been indicted on 21 corruption charges by a federal grand jury. They include "conspiracy to deprive citizens of honest services."
Credit Chris Graythen / Getty Images
Former New Orleans mayor Ray Nagin has been indicted on 21 counts of bribery and other corruption charges by a federal grand jury. When he became the city's mayor in 2002, Nagin, a former cable TV executive, promised to revive New Orleans' economy, and its trust in the city's government.
Originally published on Wed August 29, 2012 5:08 pm
A Plaquemines Parish vehicle rides through rising floodwater behind the levee as Isaac approaches on Tuesday.
Credit Gerald Herbert / AP
The eye of Isaac made its first landfall at Plaquemines Parish, a stretch of thin land southeast of New Orleans that extends into the Gulf from Louisiana.
According to the parish president, the damage there is just as bad, perhaps even worse, than what happened during Katrina.
In an interview with Morning Edition's Steve Inskeep, Billy Nungesser said the parish's levee had been overtopped and parts of the parish that had never flooded during a hurricane were under 5 feet of water.
In just a few weeks, we will mark the seventh anniversary of one of the country's deadliest hurricanes. New Orleans and the Gulf Coast are still recovering from the devastating damage and loss of life caused by Hurricanes Katrina and Rita — the storm that would follow.
A federal judge has handed down lengthy sentences for several former New Orleans police officers for their roles in the shooting deaths of two people and the wounding of four others in the aftermath of Hurricane Katrina in September, 2005.