NEW ORLEANS (AP) — New federal maps say New Orleans is much less vulnerable to flooding than it was before Hurricane Katrina struck more than 10 years ago.
As a result, Mayor Mitch Landrieu says, half of the city's properties will see a big drop in their flood insurance costs.
Since Katrina, the Army Corps of Engineers has spent more than $14.6 billion improving the city's defenses against flooding.
On March 30, the Federal Emergency Management Agency released new flood-risk maps for New Orleans and they depict many parts of the city as safer.
City officials estimate 53 percent of 85,000 insurance policies would see lower rates.
Landrieu says a homeowner paying about $960 a year now should see a savings of about $460 when the new maps go into effect in October.