flood insurance costs News

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 …

Remapping, Subsidy Loss Raising North Dakota Flood Insurance Costs

Had Greg Larson, a realtor and riverside homeowner in Bismarck, N.D., and his family changed their flood insurance policy, their cost would have gone from $705 a year to $4,200. Increases in flood insurance rates are making some of Bismarck-Mandan’s …