Insurance Law

Recent Posts

The Rising Costs of Disaster: How to Obtain Protection for Flood Related Incidents
Posted on 3 Aug 2011 by McNees Wallace & Nurick LLC

By Dana Windisch Chilson , Associate, and Kelly Horein, Summer Associate, McNees Wallace & Nurick LLC As flooding in the United States continues to escalate, so do the costs associated with the phenomenon. Recent flooding of the Mississippi River... Read More

Insurance Implications in the Wake of Hurricane Irene
Posted on 29 Aug 2011 by LexisNexis Insurance Law Newsroom Staff

After Hurricane Irene, individuals and businesses will face property losses and interruption of business and will look to insurers for coverage of these multi-faceted losses. To remain up-to-date on the coverage issues raised by Hurricane Irene and similar... Read More

Columbia Law School Center for Climate Change Law: A Coastal Conundrum: Biggert-Waters Flood Insurance Reform Act and Coastal Insurance Policy
Posted on 29 Aug 2013 by Columbia Law - Sabin Center for Climate Change Law

Congress passed the Biggert-Waters Flood Insurance Reform Act just two months before Sandy scoured the northeast, and “requires rates to rise 25 percent annually on some repeatedly flooded houses, second homes and businesses,” and on properties... Read More

Agencies Issue Statement on Increased Maximum Flood Insurance Coverage for Other Residential Buildings
Posted on 26 Jun 2014 by LexisNexis Insurance Law Newsroom Staff

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Farm Credit Administration, the National Credit Union Administration, and the Federal Deposit Insurance Corporation (collectively, the Agencies),... Read More

Responding to Concerns About Affordability, Congress Pulls the Plug on 2012 Flood Insurance Reforms
Posted on 23 Apr 2014 by Columbia Law - Sabin Center for Climate Change Law

Ethan I. Strell, CCCL Associate Director and Fellow President Obama has signed into law the Homeowner Flood Insurance Affordability Act of 2014 (2014 Act), [ enhanced version available to subscribers ], whose stated purpose is to “delay... Read More

Federal Agencies Propose New Federal Flood Insurance Regulations
Posted on 21 Oct 2013 by Ballard Spahr LLP

The Federal Deposit Insurance Corporation recently approved for release joint proposed regulations to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (the Act). The proposal would amend the Flood Disaster Protection Act of... Read More

Class Action Certified for Lender Requiring More Flood Insurance
Posted on 2 Oct 2012 by Barry Zalma

THE MISCHIEVIOUS CLASS ACTION Home mortgage lenders are always concerned that their security is appropriately protected by insurance. As a result, by the terms and conditions, of the mortgage the lender keeps to itself the right to compel the borrower... Read More

Flood Insurer is Not A Fiduciary
Posted on 3 May 2012 by Barry Zalma

By Barry Zalma, Attorney and Consultant James Grissom purchased flood insurance for his home in Pascagoula, Mississippi under the Federal National Flood Insurance Program ("NFIP"). Grissom was eligible for a preferred risk insurance policy... Read More

First Circuit Rules Constitution's Appropriations Clause Quashes Flood Policy Claim Lacking Proof-of-Loss
Posted on 28 Oct 2013 by J. Wylie Donald

By J. Wylie Donald You know it is not going well when the court cites the Constitution at you in a breach of contract case. But so it went in DeCosta v. Allstate Insurance Co. [ enhanced version available to subscribers ], where the... Read More

Flood Insurance Reform Act of 2012 Amendments to Flood Disaster Protection Act
Posted on 18 Apr 2013 by Ballard Spahr LLP

By the Ballard Spahr LLP Mortgage Banking Group The federal banking agencies, together with the Farm Credit Administration, have issued joint guidance on amendments to the Flood Disaster Protection Act of 1973 (FDPA). The amendments were part of the... Read More