News & Analysis as of

Appraisal New Legislation

Cozen O'Connor

Retroactivity, Appraisal, and Interpleader: Navigating Florida’s Bad Faith Reforms After Cindy Vo v. Scottsdale

Cozen O'Connor on

The 2023 amendments to Florida Statute § 624.155, enacted through HB 837, significantly reshaped the landscape of bad faith litigation in Florida. Among the most consequential changes were the additions of two key...more

Orrick, Herrington & Sutcliffe LLP

North Dakota amends regulations on appraisal management companies

On March 26, North Dakota enacted HB 1080 (the “Act”) which amends regulations pertaining to appraisal management companies. The Act generally specifies owner requirements, prohibiting registration for companies owned by...more

Nossaman LLP

AB 1033 – Should Eminent Domain Law’s $5,000 Appraisal Reimbursement be Increased?

Nossaman LLP on

In California, the primary governing structure for condemnation suits is set forth within Title 7 of the California Code of Civil Procedure (CCP 1230.010, et. seq.), otherwise known as the Eminent Domain Act, which was...more

Rumberger | Kirk

Florida’s Property Insurance Reform: The Impact on Carriers and Insureds in the State of Florida

Rumberger | Kirk on

The Florida Legislature passed Senate Bill 2-A (“SB2A” or the “Act”), which was signed into law on December 16, 2022. The Act has the potential to significantly reduce litigation of first party property cases in the state of...more

Eversheds Sutherland (US) LLP

Texas extends Chapter 312 Property Tax Abatement Program

Texas Governor Greg Abbott signed HB 3143 into law, extending the Texas Chapter 312 property tax abatement program for a period of 10 years. In addition to extending the program, the bill also provides for increased...more

A&O Shearman

US House of Representatives Passes Five Bills Affecting Financial Institutions

A&O Shearman on

The US House of Representatives passed five bills focused on regulatory reform for financial institutions. The bills passed by the House include: the Housing Opportunities Made Easier Act (H.R. 2255), which amends the Truth...more

Zelle  LLP

NY Joins Texas In The Broad Use Of Appraisal

Zelle LLP on

Virtually all property insurance policies include an appraisal provision to resolve disputes over the “amount of loss” for a covered claim. Historically, the phrase “amount of loss” was interpreted to limit appraisal to those...more

BakerHostetler

Florida Revised Limited Liability Company Act

BakerHostetler on

On May 3, 2013, the Florida House of Representatives unanimously passed the Florida Revised Limited Liability Act (the "New Florida Act") in the form of amended House Bill 1079. The companion bill, Senate Bill 1300, was...more

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