LexisNexis® Legal Newsroom
Vetstein Law Group: “All Risk” Property Insurance Coverage Doesn’t Mean Every Risk

By Richard D. Vetstein, ESQ Insured Gets The Short End Of The Insurance Coverage Stick For Parking Lot & Building Flooding The Massachusetts Supreme Judicial Court has not been too kind to insureds these days. For the second time in 2 months , the SJC has upheld the denial of a property owner's...

McNees Wallace & Nurick LLC: Flood Insurance - More Businesses Should Consider Purchasing This Coverage

[ Originally published 11/08/2011 ] By Charles T. Young, Jr. The East Coast recently suffered unprecedented flooding problems as a result of Hurricane Lee, and these problems have created new interest in the availability and coverage provided by flood insurance.

 Congress created the...

Closed! Government Shutdown’s Effect On Massachusetts Real Estate Market

I’ve been glued to CNN in recent days, watching incredulously as those buffoons in Washington grind our government to a halt. I though for sure that a midnight deal would have been struck, but I woke up this morning with the dreaded news that the government has indeed shutdown. I’ve been...

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...

Florida's Move to Establish a Stronger Private Flood Insurance Market Provides an Opportunity for Insurers, Developers and Property Owners

The Biggert-Waters Flood Insurance Reform Act of 2012 In 2012, Congress passed a law to reform the National Flood Insurance Program (NFIP) to make the program self-supporting without federal subsidies. Specifically, the law called for local flood maps to be updated. Existing subsidies and discounts...

Temporary Delay of Flood Insurance Premium Increases Inserted into Omnibus Budget Bill

By Ethan I. Strell, Esq., Associate Director & Fellow, Columbia Center for Climate Change Law The massive over $1 trillion consolidated appropriations bill passed by Congress contains a one-sentence rider that will delay through next September implementation of one aspect of flood insurance...