The area that is most affected by the hurricane is the city of New Orleans, Louisiana, where levees broke and flooded the city with up to 20 feet of water. However the federal disaster area officially covers 90,000 square miles of affected US southern coastline and surrounding land.
Local banks are enacting their disaster recovery plans. For example, the Louisiana-based Whitney Bank moved its headquarters and operations centre temporarily to Houston, Texas. The bank says: "The plan includes
The week on Risk.net, July 14–20, 2017Receive this by email