In March of 2014, Congress passed the Homeowners Flood Insurance Affordability Act (HFIAA). This act limited the annual allowable rate increase for any policy at 18%, reinstated grandfathering and pre-FIRM provisions, along with other important reforms.
This year, the HFIAA and Biggert-Waters both expire on September 30th. A new bill will need to be written to replace the National Flood Insurance Program. The Marshfield and Scituate Coastal Coalitions, along with other coalitions and leaders across the state, have worked hard over the past several years to formulate NFIP reforms to help write the next piece of legislation that will keep the NFIP affordable, sustainable and add certainty to the program going forward.
This group of regional experts meet monthly through conference calls to review updates from the 2017 reform and with national leaders. Here you will find reform specific information and downloads
RECENT HEARINGS: HOUSE FINANCIAL SERVICES
REFORM SPECIFIC DOWNLOADS
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LETTERS TO CONGRESS
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