Relative to an investigation of flood insurance by the attorney general
If enacted, H935 would amend Section 11F of Chapter 12 of the General Laws in Massachusetts to grant the Attorney General increased authority to act on behalf of consumers concerning flood insurance matters. This authority includes assessing the rates set and the processes employed in generating municipal flood insurance rate maps. The legislation aims to enhance consumer protection, ensuring that the interests of Massachusetts residents, especially those vulnerable to flooding, are adequately represented and safeguarded in matters governed by the NFIP.
House Bill 935, also known as the Act relative to an investigation of flood insurance by the attorney general, seeks to empower the Massachusetts Attorney General to investigate and intervene in matters related to the National Flood Insurance Program (NFIP). Specifically, the bill directs the Attorney General to examine the methodologies used for creating new flood insurance rate maps and to represent consumer groups in relevant judicial or administrative proceedings. This legislation is a response to concerns regarding the fairness and clarity of flood insurance rates and mapping, which can significantly impact homeowners in flood-prone areas.
Throughout the legislative process, discussions surrounding H935 may reveal points of contention particularly related to the balance of authority between state and federal regulations regarding flood insurance. Proponents argue that empowering the Attorney General to intervene will provide necessary oversight and a voice for consumers who may otherwise be overlooked in the complexities of the NFIP. Conversely, opponents might express concerns about potential overreach by state authorities into federal insurance matters, especially regarding the consistency and integrity of flood mapping and insurance rates.