Cape in top 5 for attractions; Discounts for wind proofing; Murray to freeze FAIR rates

cctoday30Cape ranks right after the Grand Canyon

In the annual survey conducted by the National Motorcoach Network Cape Cod came in fifth place after Niagra Falls, Mount Rushmore, Yellowstone and the Grand Canyon. The annual  rankings of the National Motorcoach Network are compiled from surveys of member operators indicating where they plan to travel in the coming year.

Top 5 Natural Attractions
    1. Niagara Falls
    2. Mount Rushmore
    3. Yellowstone National Park
    4. Grand Canyon
    5. Cape Cod         Leave a comment
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S-TSenate president pushes freeze on FAIR plan rate hikes

BOSTON — Senate President Therese Murray is proposing a moratorium on FAIR Plan rate increases until Oct. 1, when a newly formed special commission is expected to recommend wide-ranging solutions to deal with the homeowner insurance crisis on the coast.

The proposed rate freeze will be included in the Senate Ways and Means Committee's budget, which will be released Wednesday. It would also need the approval of the House and Gov. Deval Patrick to become law....Ban "red-lining" of coastal areas by insurance companies, who have been pulling out of places like Cape Cod, but continue to write policies in other parts of the state. Legislators may try to require insurers to serve the entire state or nothing at all....

Sen. Murray said the state needed to get to the bottom of what was driving insurance costs on the Cape, New Bedford and other coastal areas...  Others lost their private insurance entirely. About 54,000 homeowners on the Cape — 40 percent of the market — are now enrolled in the FAIR Plan, the state's insurer of last resort... Read the rest of this Standard-Times story hereLeave a comment
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Insurers Tie Deductibles to Windproofing

Massachusetts home insurance companies are asking many of their customers to either absorb more risk or spend thousands of dollars storm proofing their homes.  Close to 10 companies and the state's home insurer of last resort, the Massachusetts Fair Plan, have won or are seeking regulatory approval for higher percentage deductibles that customers along the coast, and to a lesser degree those inland, would pay if their homes were damaged by high winds or a hurricane.

The deductibles are typically 2 to 5 percent of a home's insured value, meaning someone with a $400,000 home and a 5 percent deductible would be on the hook for the first $20,000 of damage.  Many of the companies are offering to waive or reduce the size of the deductibles if customers take steps to safeguard their homes against wind damage, including installing special impact-resistant glass and storm shutters and taking other steps...

Some home insurers in Massachusetts have concluded the risks are too great on Cape Cod and in other coastal areas and have stopped doing business there. Those that have stayed behind have limited the number of policies they write, dramatically increased premiums, and adopted wind and hurricane deductibles to shift more risk to homeowners...  Read the rest of this story hereLeave a comment
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Operations resume at waste treatment facility rocked by explosion

A waste treatment facility in Rochester that generates electricity is resuming near full operation after an explosion and fire in March.  Officials at the SEMASS plant say 2 of their three boilers are operating, and a fourth is expected back on line soon.

ility accepts trash from across Southeastern Massachusetts and Cape Cod and incinerates it to produce electricity.

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