Tag Archives: Federal Emergency Management Agency

Is Your Home Ready for Peak Hurricane Season?

Is Your Home Ready for Peak Hurricane Season

By Richard A. McGrath, CIC, LIA Peak hurricane season is right around the corner, starting in mid-August and lasting through late October. Are you confident that your homeowner’s insurance policy will provide enough protection to cover the cost of potential damage? The New England region is no stranger to the devastation caused by hurricanes. In […]

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4 Things Flood Insurance Policyholders Should Know About NFIP Changes

4 Things Flood Insurance Policyholders Should Know About NFIP Changes

The Federal Emergency Management Agency (FEMA) is taking strides to strengthen the National Flood Insurance Program (NFIP) through recent legislation, such as the Biggert-Waters Flood Insurance Reform Act of 2012 and the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). These changes are working to make the NFIP actuarially sound by better aligning flood premiums to their level of […]

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Why Do I Need Earthquake Insurance in New England?

Why Do I Need Earthquake Insurance in New England

By Richard A. McGrath, CIC, LIA Earthquakes can happen in all 50 states and can cause severe damage that isn’t covered under your homeowners, renters, or condominium insurance policy. Yet, many people in New England neglect to purchase earthquake coverage for their homes because they think they are safe. At a recent Seismological Society of […]

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Flood Insurance Policyholders Feel the Impact of HFIAA

Flood Insurance Policyholders Feel the Impact of HFIAA

Across the country, flood insurance policyholders (and their wallets) are feeling the impact of the changes mandated by the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). The law, passed by President Obama in March of 2014, went into effect April 1, 2015 as a way to slow some flood rate increases, as well as […]

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5 Preparation Tips to Deal with Natural Disasters

5 Preparation Tips to Deal with Natural Disasters

Every day we are reminded that disaster can strike at any time, any place. For the city of Worcester, disaster struck the day before Labor Day: an EF-0 tornado. Thankfully, the devastation was not as wide spread as that of the tornado that swept through the area in June of 2011. Yet, the storm was […]

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Proposed Bill would Decrease Flood Insurance Costs

By Megan Cooney, Marketing Assistant Important Updates to Flood Insurance: March 17, 2014: The U.S. Senate passed the “Homeowners Flood Insurance Affordability Act.” *** The U.S. House of Representatives recently passed a bill that would help lower the cost of flood insurance. On Tuesday, March 4, 2014, the “Homeowner Flood Insurance Affordability Act” was passed […]

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Preparing for Hurricanes and Tornados

By Richard A. McGrath, CIC, LIA Hurricane season began this year with a series of devastating tornadoes in Oklahoma. First, a tornado classified as EF5, which is the most powerful ranking, tore through a suburb of Oklahoma City and killed 24 people.  Just 11 days later, five tornadoes hit central Oklahoma, causing flash flooding and […]

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