Helis is speaking out on it's fracking plan for the first time, and offering assurances that it's operations are safe. The company wants to frack near log cabin road, between Highway 1088 and Interstatemore>>
Helis Oil & Gas is speaking out on it's fracking plan for the first time, offering assurances that their operations are safe.more>>
The group 'Concerned Citizens of St Tammany' is urging the parish council to vote to ban fracking.more>>
The group Concerned Citizens of St. Tammany is urging the Parish Council to vote to ban fracking now that the Army Corps of Engineers has issued a letter expressing concerns about Helis Oil's proposed site. more>>
Heroin use has become an epidemic in communities across the region. The drug is showing up in neighborhoods no one expected.more>>
Heroin use has become an epidemic in communities across the region. The drug is showing up in neighborhoods no one expected, and people from all walks of life are becoming addicted.more>>
BELLE CHASSE, La. - As the Biggert-Waters Flood Insurance Reform Act moves toward implementation, many property owners across the metro area are on edge.
Scott Morse purchased his home in the Jesuit Bend area of Plaquemines Parish in January.
"It was our dream come true," he said.
Now, however, because Morse's home sits outside the federal levee protection system, he's facing an insurance nightmare.
"Our insurance is going to go from $400 a year - which it currently is - to potentially, $13,000, maybe even higher, depending on contents and things like that," Morse said. "It will exceed our mortgage note."
Morse, who serves as president of the Greater New Orleans Homebuilders Association, has been working to round up support from other property owners, in hopes of delaying this negative effect of the Biggert-Waters Act.
If the expected insurance spike kicks in, Morse said he simply won't be able to afford to live in his home anymore.
"Sadly, the best thing that could happen to us would be if a storm came and wiped it off the slab and then we could make our claim, pay what's here off, and just leave it as an empty," he said. "That is the only good possible outcome we could get with what we're facing."
Bill Bubrig, who also lives outside the protection system in Plaquemines Parish, is staring down a similar scenario.
"I go from a rate of $600 a year to $15,000 a year, is how I'm personally affected on my personal residence," he said.
However, Bubrig faces a double-whammy. As owner of Bubrig Insurance Agency, much of his business is flood insurance and many of his customers are fearful.
"We're fielding a load of calls. People don't know what to do, because people with mortgages are between a rock and a hard spot. The mortgage requires them to carry the flood insurance. They can't pay a $15,000 annual flood insurance premium plus their mortgage," he said. "So, not only will I be hit personally, but my business is going to be negatively affected, as people just can't afford to pay these premiums."
Sen. Mary Landrieu (D-Louisiana) and Sen. David Vitter (R-Louisiana) have been pushing to delay or scrap the changes. Last week, both testified before a Senate committee.
But, if their efforts don't work, some people like Scott Morse face major financial challenges.
"It's either come up with a whole bunch of money, which I don't have, or move out," Morse said.
Tuesday, July 22 2014 6:08 AM EDT2014-07-22 10:08:09 GMT
(WMC) - WMC Action News 5 has uncovered disturbing new details of the allegations behind the rape charge against a Mid-South millionaire businessman. WMC Action News 5's Nick Kenney took the new informationmore>>
Twenty toothbrushes, eight flash drives, four guns, nipple clamps, sex toys, lingerie: those are just a few of the items seized from the property of a Memphis businessman charged with rape. more>>
Three people have been arrested, including a Golden Meadow police officer, in connection with a methamphetamine investigation. Officer Ashley Pollard, 37, and his girlfriends Anna King, 31, were arrestedmore>>
Three people have been arrested, including a Golden Meadow police officer, in connection with a methamphetamine investigation.more>>
Heroin, a highly addictive drug, has law enforcement agencies working non-stop to crack down on users and dealers.more>>
Heroin has law enforcement agencies working non-stop. "It's a tough battle," said St. Bernard Sheriff Jimmy Pohlmann. "There's so many different components that go into trying to fix these problems."more>>