Before Hurricane Katrina, New Orleans levees were built to withstand a category 3 hurricane. They obviously did not do well during Katrina and the city was left in ruins and thousands were killed. The slow process of rebuilding began. The most important piece of the rebuilding would obviously be the levees. The government decided to build levees that could withstand a CATEGORTY 3 HURRICANE. By doing so they killed the city of New Orleans.
Texan Donald Powell, a former banker and Texas A&M University administrator was given the job of being the federal coordinator for the reconstruction. He quickly jumped in with a phrase the White House loves about science.
However, "I'm not sure what the science dictates," Powell said when asked if the levees would be rebuilt to withstand a Category 5 hurricane, as Gulf Coast officials have requested. "Clearly, I think they're going to rebuilt up to a Level 3 but ... they were not a Level 3 when the storm came. And then study and understand what the science is to get to a Level 5."
The nice thing about the current administration is that the science is never in. Feel free to name a time where Bush said, Okay, the science is in and we are moving forward. You cant, because it does not happen. Anytime the word science is used you can be sure no action will be taken. So, the levees have been rebuilt to withstand a category 3 hurricane because the science does not dictate otherwise.
And New Orleans will die a slow death because of that decision. Why? Because to rebuild you need insurance and today the insurance companies began pulling out. Louisiana's largest commercial insurance provider, Travelers Cos. Inc., has decided to cancel all it's commercial property policies in the New Orleans area next year.
Travelers will not renew any property insurance for businesses in Orleans, Jefferson, Plaquemines, St. Bernard and eastern St. Tammany parishes. Cuts will also affect individual businesses in other parts of South Louisiana, including St. Charles and St. John the Baptist parishes.
The Louisiana State Insurance Commissioner met with the Insurance carrier on Thursday and was told the policies are being cancelled because of the levee rebuilding. The Commissioner and business leaders expect other insurance companies to follow Travelers lead. Without insurance there can be no business community. Businesses create these things called jobs. Jobs are great for eating and buying clothes and stuff.
"This is going to be a blood bath," said Eagan, who added that Hanover Insurance Group, Lafayette Insurance Co. and possibly Zurich North America have indicated that they are likely to not renew some commercial policies.
Goodbye, New Orleans.
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