The Louisville, Ky., Metropolitan Sewer District board has approved $1 million of a proposed $3 million settlement in an effort to buy out a group of repeated flood victims, while Metro Council leadership and Mayor Greg Fischer were making no promises to provide their share of city funding.
The Courier Journal reports a recent recommendation from a work group created by Fischer and Metro Council President David Tandy was that the financial burden be shared with $1 million each from MSD and Metro government and any insurance distressed homeowners have.
The work group had envisioned a $3 million buyout program aimed at helping out the owners of up to 30 homes that repeatedly flood and were greatly damaged by high water in March and April.
Topics Flood
Was this article valuable?
Here are more articles you may enjoy.
Warren, Hawley Press Insurers Over Closed, Unpaid Claims
Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida
NY City Accuses Law Firm of Running Injury Claims Fraud Operation
Uninsurable Future: Managing the Climate-Change-Fueled Home Insurance Crisis 

