Flood Insurance rates increase

Flood Insurance Premiums Jump in New Orleans Area


Louisiana accounted for the third most premiums through the National Flood Insurance Program as of Sept. 30, with policyholders having paid $343.49 million into the program.

Florida had the most with nearly 2.1 million policies at an average of $484.29, followed by Texas with 665,710 policies at an average of $535.30.

The total that would be paid out in a worst-case scenario would be $111.46 billion.

The average premium in every parish in the metro region climbed in September, the most recent month for which NFIP numbers are available.

-- Orleans: 89,671 policies at an average of $871.08, more than the $866.06 average in August;

-- Plaquemines (unincorporated areas only): 6,129 at an average of $782.22, up from the $778.19 average in August;

-- Jefferson (unincorporated areas only): 97,773 at an average of $746.17, more than the $743.31 average in August;

-- St. Charles (unincorporated areas only): 11,949 at an average of $691.95, more than the $687.80 average a month earlier;

-- St. John: 6,530 at an average of $649.05, up from the August average of $646.89;

-- St. Bernard (unincorporated areas only): 12,179 for an average of $593.14, more than the $590.12 average in August;

-- St. Tammany (unincorporated areas only): 35,788 at an average of $553.09, nearly equal to the $553.60 in August; and

-- St. James (unincorporated areas only): 858 at an average of $411.72, slightly more than the August average of $411.

FEMA also provided the following breakdown by municipality:

-- Kenner: 16,166 policies at an average of $877.54;

-- Gretna: 3,718 policies at an average of $860.69;

-- Slidell: 8,049 policies at an average of $817.62;

-- Covington: 1,390 policies at an average of $695.66;

-- Westwego: 1,539 policies at an average of $638.19; and

-- Harahan: 2,657 policies at an average of $569.67.

Statewide, there were 492,817 policies at an average of $697, while there were nearly 5.6 million policies nationwide at an average of $617.85.


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