Category Archives: Opinions

Here’s what we think about various insurance subjects. Enjoy!

Does the Homeowner Flood Insurance Affordability Act “Gut” Biggert-Waters?

Six months ago we wrote about the 2012 Biggert-Waters Act (BW-12) and people’s reactions to it at that time.  In the intervening six months, a lot of reacting has happened.  Most importantly, the Homeowner Flood Insurance Affordability Act (HFIAA) was passed. After Biggert-Waters was passed, there was a public outcry.  It was so universal across … Continue reading Does the Homeowner Flood Insurance Affordability Act “Gut” Biggert-Waters? »

The Biggert-Waters Act: What Does It Do, and What Next?

Drafted in the wake of the 2004/2005 hurricane season and Superstorm Sandy, the Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12, or Biggert-Waters) makes a number of changes to the National Flood Insurance Program (NFIP).  The changes are primarily rate increases or re-mappings to “reflect true flood risk.”  Essentially, BW-12 eliminates, or gradually eliminates, subsidies … Continue reading The Biggert-Waters Act: What Does It Do, and What Next? »

Understanding the PPACA Employer Mandate and Associated Penalties

The US Department of Health & Human Services has recently clarified the employer requirements with respect to offering group medical coverage in 2014.  While a $2,000 per employee penalty (all employees less 30) still applies for employers with at least 50 FTE’s who do not offer any type of group medical coverage, employers have some … Continue reading Understanding the PPACA Employer Mandate and Associated Penalties »