RiverOtter said:
I bet that 99.9% of the people who own homes and businesses in MS and LA did not have flood insurance. Which would mean they have lost everything.
Probably not the case in NOLA, since flood is required to get a mortgage. I.E., not optional. Since NOLA floods in a heavy rain, flood ins. is very common. However, eastern NOLA, the area you are seeing on tv, is desperately poor. Wouldn't be surprised if there is no insurance. Also, renters don't often get insurance.
The looting is occurring near housing projects. One reason people are reluctant to evacuate, including myself, is because of the potential for looting, always a problem in a city as poor as NOLA. Martial law has been declared.