LEGISLATIVE UPDATE On September 30th of this year, the National Flood Insurance Program (NFIP) expires. Congress has made it a priority to not only reauthorize the program, but also reform it. In the last 2 weeks, there has been an incredible amount of legislative activity. There are two bills proposed in the US House, and one […]
There has been a slew of legislative hearings in congress over the last few weeks. These hearings, in the House Financial Services Committee, and the Senate Banking, Housing, and Urban Affairs committee have been aimed at trying to reauthorize the National Flood Insurance Program with significant reforms. On the Massachusetts Coastal Coalition website, we have posted […]
There has been a slew of legislative hearings in congress over the last few weeks. These hearings, in the House Financial Services Committee, and the Senate Banking, Housing, and Urban Affairs committee have been aimed at trying to reauthorize the National Flood Insurance Program with significant reforms. On our website, I have posted the House Financial […]
As we march closer to 2017 NFIP Re-authorization, The Coalition of Sustainable Flood Insurance (CSFI) has been releasing white papers on reform efforts. By the end of this year, these papers will be all out and under discussion. They will be posted on our downloads page.
From CSPAN “The Federal Emergency Management Agency’s top flood insurance official was joined by small business owners, mostly from the residential construction and real estate industries, at a hearing on the impact of rising National Flood Insurance Program premiums on small businesses. The business owners talked about quickly escalating premiums for homeowners in low-lying areas, and […]
The US House votes in FAVOR of HR 3370! The full summary of the bill is at the link below under download #9. This now only requires the Presidents signature! Thank you to everyone who has gotten us this far. There is far more work to do, but this is certainly a great victory! http://www.marshfieldcoastalcoalition.org/Marshfield_Citizens_Coastal_Coalition/Legislative_Downloads.html
MAJOR UPDATE The US House of Representatives will be voting WEDNESDAY of this week on HR 3370. There is a summary of the bill at the below link: http://www.marshfieldcoastalcoalition.org/Marshfield_Citizens_Coastal_Coalition/Legislative_Downloads.html But here are some of the major points: Reinstates Grandfathering Caps Annual Rate Increases at 15% Refunds policyholders who purchased pre-FIRM homes after Biggert-Waters (7/6/12) and […]
WASHINGTON – The Federal Emergency Management Agency says a recently enacted budget provision means that it won’t begin to implement higher rates for some flood insurance recipients until at least Oct., 2015, and perhaps as late as June, 2016. The agency responded Thursday to a provision added to a recently enacted spending bill that bars the agency […]
Yesterday the US Senate has passed by a vote of 67-32 the Homeowner Flood Insurance Affordability Act. It must now go to the House, then get a vote from the President, but we are now well on our way.
Statement on White House Response to S. 1926 Yesterday, after the White House responded in opposition to S. 1926, the national coalition the MCCC is a member of, CSFI, issued a statement about the need the amend Biggert-Waters. That statement can be found at the link below: http://www.marshfieldcoastalcoalition.org/Marshfield_Citizens_Coastal_Coalition/Legislative_Downloads.html Our own State Rep. Jim Cantwell also […]