News & Analysis as of

Consumer Insurance Products Natural Disasters

Ballard Spahr LLP

Oregon Repeals Statewide Wildfire Hazard Map and Mitigation Requirements

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Following outcry from rural Oregon property owners faced with stricter building codes and fewer insurers willing to write fire policies, Governor Tina Kotek has signed two measures to address wildfire risks in the state. One...more

WaterStreet Company

2025 Hurricane Season for Insurance

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As the 2025 hurricane season unfolds, insurance companies prepare. Early summer is time to closely monitor hurricane forecasts, assess risks, and account for financial implications that could arise due to increased property...more

WaterStreet Company

How Insurers Takeout Policies with State Insurance Programs

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State insurance programs serve as critical safety nets. When residents struggle to obtain coverage from private insurers, these programs step in. Private insurers can find a different type of opportunity when willing to take...more

WaterStreet Company

Texas FAIR Plan: Opportunities and Challenges for Private Insurers

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As natural disasters continue to impact the insurance market, Texas has seen a surge in policyholders relying on the Texas FAIR Plan Association for coverage....more

WaterStreet Company

5 Steps to Florida Insurance Takeouts

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Insurers today are in a highly competitive market. To receive greater market share, expansion to new locations and new business strategies may be required. Insurance takeouts are one such strategy in the state of Florida that...more

Ballard Spahr LLP

NFIP Extended to March 2025

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The continuing resolution passed by Congress late last week provides for an extension of the National Flood Insurance Program (NFIP) until March 14, 2025. ...more

Lowndes

What Landlords and Tenants Need to Know This Hurricane Season 2023

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The 2023 Atlantic hurricane season begins this Thursday and will continue until November 30. According to the National Oceanic and Atmospheric Administration (NOAA), the season is expected to be relatively average in terms of...more

Akerman LLP

Essentials for Your Hurricane Repair Construction Contract Toolbox

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In September of 2022, Hurricane Ian struck Florida with a force and onslaught of rain and flooding of biblical proportion that some say has not been seen in the last 1,000 years. Yet, once again, Floridians must pick up the...more

Lowndes

What Landlords and Tenants Need to Know This Hurricane Season (UPDATED)

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This year, forecasters at the National Oceanic and Atmospheric Administration are predicting another above-average Atlantic hurricane season, which runs June 1 through November 30. NOAA is predicting between 14 and 21 named...more

J.S. Held

Climate and Extreme Weather Events: Considerations for Insurance, Infrastructure Planning & Environmental and Financial Compliance

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Climate and extreme weather events are threatening human health and safety, food, water and energy security, and the environment in broad areas ranging from the USA to China, Europe, Latin America, and the Caribbean. ...more

Carlton Fields

The Hurricane is Coming in Five Days - Are We Ready for This?

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On August 24, 1992, Hurricane Andrew made landfall in Homestead, Florida as a Category 4 hurricane. At the time, it was the third most intense hurricane that ever struck the United States. Andrew had sustained winds of 149...more

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