Thank you for attending the 2019 CRS Symposium on the North Shore on June 13th. Your participation is vital to the implementation of CRS in our communities. The presentations and resources that were presented are now available online at the link below: www.knowflood.org/downloads and look for the “CRS” tab. Our next step is to work with […]
When Congress passed the Biggert Waters Act of 2012 (BW12), the intent of Congress to make it easier for lenders to accept private flood insurance to satisfy the mandatory purchase requirement. However, what the Act did was create vague language that took lending regulators seven years to finalize. Since the lending regulators had to crate […]
A place to have your flood insurance questions answered Have a question about flood insurance or your flood policy? You’ve come to the right place. The MCC knows the value of understanding flood insurance. Over the years, we have fielded thousands of inquiries about flood insurance and have come to realize there is no single […]
NFIP Legislative Activity There has been a recent flurry of legislative activity with the NFIP that impacts you! NFIP Extended to September 30th: This past week, the NFIP was extended until September 30th which was part of the disaster supplemental that had been previously blocked. The passage of the disaster supplemental now allows the NFIP to […]
NFIP extended- but only for 2 weeks The NFIP, which was set to expire Friday at midnight, has been extended for two weeks, to June 14th. We did not raise alarms earlier this week because of how fluid this situation has been. A few weeks ago, both chambers of Congress passed a four-month extension of the NFIP […]
Are you prepared for a Hurricane? This past week was Hurricane Preparedness Week. As we prepare to enter hurricane season, its important to not only remember that Massachusetts can, and has, experienced devastating hurricanes, but also to check in on your own personal preparedness. We remind you to check:-Your insurance coverages-Your hurricane and Nor’easter preparedness […]
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Did you know that if you are awarded a Federal grant to elevate and improve your property to protect it from flooding, you must pay for the improvements and wait for reimbursement? If you need to elevate your home, relocate utilities, or add other flood mitigation measures to reduce the risk of flood damage and lower your flood insurance premiums this […]
Recently, news broke about the roll out of Risk Rating 2.0, the Federal Emergency Management Agency’s redesign of National Flood Insurance Program and how it will determine rates for flood insurance. The Massachusetts Coastal Coalition has followed Risk Rating 2.0 since the beginning of its development. After years of raising red flags and alerting policyholders […]
Breaking: NFIP Legislative ActivityIn the past week, there has been a flurry of legislative activity related to the reform of the National Flood Insurance Program (NFIP).Four bills released: The House Financial Services Committee released four NFIP reform draft pieces of legislation. They focus around mapping, claims, affordability and mitigation. If you are a member, you can […]