Biggert-Waters National Flood Insurance Reform Act News

Mass. Senate OKs Bill Tying Required Flood Coverage Amount to Mortgage Balance

The Massachusetts state Senate on June 26 passed legislation filed by the state’s attorney general, Martha Coakley, and state House Speaker Robert DeLeo aimed at softening the impact of flood insurance rate increases. The bill, H 3783 (“An Act Relative …

Massachusetts Lawmakers Seek to Ease Federal Flood Insurance Rules

When Mitch Haddad and his brother began rebuilding their family’s oceanside restaurant in Marshfield, Massachusetts, they decided to take no chances. The restaurant, which had been in the family for more than 70 years, routinely flooded — 25 times in …

Mass. House OKs Bill to Soften Impact of Flood Insurance Rules

The Massachusetts House on Wednesday unanimously approved a bill designed to soften the impact of new federal flood insurance rules on many of the state’s coastal homeowners. The measure, sponsored by Democratic House Speaker Robert DeLeo, would tie the level …

AG Coakley Testifies in Support of Flood Insurance Bill in Massachusetts

Concerned that increased insurance rates caused by new flood zone maps will “tip the balance” for homeowners who weathered the economic downturn but are still feeling its effects, Massachusetts Attorney General Martha Coakley testified Thursday in support of proposed state …

Mass. Congressional Delegation Seeks Delay of Flood Insurance Rate Hikes

Massachusetts’ congressional delegation is urging fellow lawmakers in Washington to delay implementation of the Biggert-Waters National Flood Insurance Reform Act provisions. The Massachusetts lawmakers said this week the implementation of the Biggert-Waters Act could lead to significantly higher flood insurance …