Information courtesy of Selective Insurance, photos courtesy of AL.com President Obama Signs the Homeowner Flood Insurance Affordability Act of 2014 On Friday, March 21st, HR3370, also known as the Homeowner Flood Insurance Affordability Act of 2014 was signed and approved by President Obama. This bill introduces changes to the NFIP (National Flood Insurance Program)…
Archives for March 2014
Challenges with drawing conclusions from the Clarity Data Act
Click here to download a PDF of this article. The Alabama Legislature charged the Department of Insurance (ALDOI) with the responsibility of collecting data specified in the Property Insurance Clarity Act of 2012 and providing public access to that data. In November, 2013, the ALDOI published such data on its website, which may be found…
Wind Insurance Savings
Our President, Taylor Norton, was invited to speak at a series of Town Hall meetings over the next few weeks to help educate Baldwin County residents about how to maximize their insurance savings. The first of these meetings was held in February, but last night (March 13th) was specifically targeted at Fortified Homes, and how…
Changes possible for BW12 Flood Insurance Reform Act
Legislation passed in House aiming at BW12 reform On Tuesday, March 4, 2014, the US House of Representatives passed legislation aimed at reforming some of the changes mandated by the Biggert-Waters Flood Insurance Reform Act of 2012 (BW12). This new legislation is known as HR 3370, the Grimm-Waters bill, and while it has similar intent…