The U.S. National Flood Insurance Program (NFIP) would see a six month extension under a bill approved by the House of Representatives on Wednesday, delaying further efforts to fix the troubled program. Without this extension, the NFIP would expire this September. The NFIP temporary extension measure will go next to the Senate for a vote. […]
Tag Archives | Insurance
New Cape Cod Flood Maps Project Greater Risk
Posted on June 2, 2009
An article in the Cape Cod Times today reports the results, and some thoughts, on the preliminary revisions of FEMA Flood Insurance Rate Maps (FIRMs) for some Cap Cod Communities. For anybody who has been following the issue anywhere along our nation’s coastlines, it’s not surprising to see that rates are expected to increase. It’s […]
FEMA Moves Towards Digital-Only FIRMs
Posted on May 18, 2009
FEMA has announced that beginning on or after October 1, 2009, it will provide only a single paper Flood Insurance Rate Map (FIRM) and Flood Insurance Study (FIS) to each community when their maps are updated, and will convert all other distribution of maps and FIS reports for digital delivery. FEMA will continue to provide […]
Florida to Weaken Price-Controls on Property Insurance Rates?
Posted on April 1, 2009
In an attempt to reduce its enormous financial exposure, the Florida Legislature is considering retreating from price controls on property insurance rates that the state promulgated two years ago. According to an article in the Ocala Star-Banner, the new legislation could: Allow the state-backed Citizens Property Insurance Corp. to raise its rates annually by as […]