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State Net Capitol Journal Legislative Updates: Mayor Michael Bloomberg Pitches Sweeping Storm Protection Plan For NYC

NYC MAYOR PITCHES SWEEPING STORM PROTECTION PLAN: Last week, less than a year after Hurricane Sandy hit the eastern seaboard and with only 203 days left in his final term, New York City Mayor Michael Bloomberg unveiled a sweeping plan to protect the city from future storms. The plan, laid out in a 438...

Flood Insurance Super-Storm Hit Oct. 1, Premiums To Surge

New Flood Insurance Rates and Map Changes To Drown Homeowners With Premium Surge, Subsidies To End I was recently working on a sale transaction in Wareham which went under agreement with no issues. As is common in that coastal area, the property is in Flood Zone with a subsidized flood insurance annual...