The National Flood Insurance Program (NFIP) has been in the national news recently in a series of critical reports. One story criticized how the NFIP is using insureds’ premiums to deny claims and overpay insurance companies. Another criticized a proposed FEMA rule change allowing homeowners to rebuild after receiving a demolition grant for a flood-prone […]
For the last three months, our Massachusetts east coast has experienced some of the worst Nor’easters ever seen. From historical flooding to historical damage, 2018 will be remembered as the year our conversation shifted from how we clean up and recover to how many more times can we do this? Governor Baker toured damaged areas […]
If there is one thing that 2017 has taught us, it’s that uncertainty is certain. From international dealings to domestic policy, no time has been as uncertain as now. There’s no exception when talking about the National Flood Insurance Program (NFIP). Uncertainty with the NFIP is not a foreign, far off issue. It’s a real, […]
Amongst all the legislative activity that Congress is considering making for the National Flood Insurance Program (NFIP), the NFIP still exists and is still functioning. The program is writing new policies and paying claims to those that have experienced losses. The NFIP goes through changes twice a year, every April and October 1st as the […]
Hurricane Harvey will most likely go down as the most devastating natural disaster in US history. The disaster still unfolding shows the toll on both human life and the financial burdens on both the public and private sectors. The NFIP is a federal program, one that insures homes and businesses against the peril of flood, […]
With the National Flood Insurance Program (NFIP) expiring at the end of September, the race is on to reauthorize the program. The legislative landscape is changing fast. By the time this column prints, it will most likely have changed again. New bills are being introduced on a weekly basis. Congress has made the NFIP reauthorization […]
On September 30th of this year, the National Flood Insurance Program (NFIP) will expire. Congress must reauthorize the program by passing a reauthorization bill before this date. With all the confusion and priorities that Congress has this year, there has been concern that this will not happen. However, about a month ago, congress started to […]
Over the last several years, starting with the Biggert-Waters act of 2012, flood insurance has taken front and center in many people’s lives. Whether it be skyrocketing premiums or new Flood Insurance Rate Maps (FIRMS), there are plenty of areas for concern within the National Flood Insurance Program (NFIP). However, no year since 2012 has […]
At Marshfield Special Town Meeting on October 24, 2016, the Town of Marshfield voted to accept the Flood Insurance Rate Maps (FIRMs). On November 4th, the proposed FIRMs became effective. The new effective maps have several implications for those newly mapped and already mapped into the flood zone. However, the most immediate impacts are for […]
Flood maps are changing on November 4th! With Marshfield Special Town Meeting approaching, we have outlined some items to keep in mind as we move toward the flood map effective date. Timeline: Below is a timeline of the important dates and what each one means in coming weeks: OCTOBER 24th : The date of […]