USA: How will Louisiana flooding affect insurance rates

By Jennifer Larino

It will take years -- and hours of public meetings -- before it's known exactly how historic flooding in Louisiana will alter flood maps and insurance rates across the state. The state's top insurance regulator is among those bracing for higher costs in many areas.

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If the flooding prompts flood map changes, more people can expect to fall into those high-risk zones. That means more people would have to pay flood insurance. It could also mean higher rates for those already paying.

FEMA, which creates flood maps and runs the National Flood Insurance Program, is in the process of gathering more data on the flooding.