Some states are reacting.Massachusetts Attorney General Proposes Limiting Amount of Mandatory Flood Insurance for Homeowners“These new flood insurance changes are going to devastate many families and businesses in our coastal communities,” Coakley said.“We continue to urge the federal government to delay implementing these changes until they’ve followed all the steps required by law,” said. “In the meantime, this state legislation can help mitigate the impact of these costs on families and businesses. [...]”DeLeo said that as Massachusetts’ Speaker of the House and a representative of a coastal community, he has become increasingly concerned about the changes being implemented by FEMA regarding flood insurance.“My priority is protecting Massachusetts businesses and families, whom Washington’s new system puts into peril. I am pleased to work with Attorney General Coakley to do what we can to resolve this problem at a state level,” DeLeo said.More at => http://www.insurancejournal.com/news/east/2013/10/16/308340....
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