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Over 65,000 Louisianans Drop Flood Insurance, Raising Concerns Over Hurricane Francine Recovery Amid Rising Costs.

Over 65,000 people in Louisiana have dropped their federal flood insurance policies since 2021, according to federal records. This has raised concerns that recovery from Hurricane Francine will take years. The insurance crisis is particularly acute in Louisiana, where policies cost $4,000 a year on average, second only to Florida. Insurance companies have increased rates and dropped coverage since 2021 due to losses from natural disasters and climate change. Vice President Kamala Harris highlighted this trend during the presidential debate, highlighting the rising cost and scarcity of property insurance.

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