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Severe Weather Flood Insurance Insurance Industry

Gray Reed

Weathering the Storm – Part 2: Construction Insurance’s Protection Against Natural Disasters

Gray Reed on

In the wake of increasingly frequent natural disasters, construction insurance has become more critical than ever. While many stakeholders view insurance as just another project cost, it is actually your first line of defense...more

Bradley Arant Boult Cummings LLP

Understanding the FEMA 50% Rule

Following Hurricanes Helene and Milton, impacted homeowners have received correspondence from their local building officials notifying the homeowners that their property is affected by the 50% Rule. Sometimes these are...more

Ward and Smith, P.A.

What! My Flood Policy Doesn’t Cover Flood Damage?! This, and Other Pitfalls of NFIP Flood Insurance Policies

Ward and Smith, P.A. on

Congress created the National Flood Insurance Program (the "NFIP") to help make flood insurance more affordable in areas prone to flood damage.  FEMA oversees the program and writes the terms of the Standard Flood Insurance...more

GeoDataVision

Flood Basics still causing pain for some

GeoDataVision on

This podcast discusses flood regulations for institutions lending money on properties. While there are many federal laws, some key ones being the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of...more

Lowndes

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

Lowndes on

The 2024 Atlantic hurricane season starts this Saturday and runs until November 30. According to the National Oceanic and Atmospheric Administration (NOAA), this season is expected to be busier than usual. The increased...more

Ward and Smith, P.A.

The Aftermath: Recovering From a Hurricane - Update

Ward and Smith, P.A. on

Hope for the best and prepare for the worst—that's the best advice to protect yourself from hurricanes.  Despite our best efforts, there's no telling what these storms will bring when they blow through town....more

Hahn Loeser & Parks LLP

Lessons Learned from Hurricane Ian Can Maximize Idalia Insurance Recovery Efforts

The communities of Southwest Florida suffered a catastrophic blow in September of 2022 when Hurricane Ian decimated so much in its path. Now Hurricane Idalia brings yet another set of challenges to Southwest Floridians, who...more

Woodruff Sawyer

Flood and Water Damage: Which Insurance Policy Do You Turn To?

Woodruff Sawyer on

The new year brought a series of ferocious storms that ravaged the California coast for weeks. By mid-January, this so-called “atmospheric river” caused at least eight million Californians to be under flood watch as wind and...more

Woodruff Sawyer

Managing the Risk of Floods

Woodruff Sawyer on

In the face of winter—and all the wet weather that comes with it—FEMA’s National Flood Insurance Program would like everyone to understand the risks of flooding. Flooding has occurred across many parts of the country (yes,...more

Woodruff Sawyer

Water, Water Everywhere: How to Prevent the Avoidable Home Flood

Woodruff Sawyer on

You’ve gone away on vacation, and return home to standing water, musty smells, and damaged property. A burst pipe has flooded your home—what do you do?...more

Baker Donelson

Hurricane Ian: An Anticipated Flood and Windstorm of Litigation Over Flood and Windstorm

Baker Donelson on

In late September of 2022, Florida was again at the center of a historic natural disaster when Hurricane Ian made landfall along the Lee Island Coast as a strong Category 4 storm, leaving behind a wake of devastation....more

White and Williams LLP

Hurricane Ian: Discussing Wind-Water Disputes

White and Williams LLP on

Most of the Florida homes in the path of Hurricane Ian lack flood insurance, posing a major challenge to rebuilding efforts, new data show. In the counties whose residents were told to evacuate, just 18.5 percent of homes...more

Moore & Van Allen PLLC

Water Under the Bridge: Revised Interagency Flood Insurance Q&As to Replace Decade-Old Q&As

Moore & Van Allen PLLC on

For the first time in nearly a decade, the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Farm Credit Administration, and the National...more

Ballard Spahr LLP

Industry Trade Groups Urge Congress to Extend National Flood Insurance Program

Ballard Spahr LLP on

As previously reported, unable to agree on long-term reforms for the National Flood Insurance Program (NFIP), at the end of last year Congress extended the NFIP through September 30, 2020, which is the end of the current...more

Blank Rome LLP

Hurricane Harvey Insurance Claim Gets Twisted

Blank Rome LLP on

Almost two years after Hurricane Harvey devastated parts of Texas and Louisiana, Central America, and several Caribbean islands, the coverage issues arising out of it are far from resolved. The court decisions addressing...more

Zelle  LLP

Latest Arkansas Floods Will Test The Already Vulnerable National Flood Insurance Program

Zelle LLP on

President Trump recently declared the flooding throughout the Gulf Coast a National Emergency and pledged federal resources, including FEMA, to assist with the recovery efforts. All the while, one of the linchpins in...more

Ward and Smith, P.A.

What! My Flood Policy Doesn’t Cover Flood Damage?! This, and Other Pitfalls of NFIP Flood Insurance Policies

Ward and Smith, P.A. on

Congress created the National Flood Insurance Program (the "NFIP") to help make flood insurance more affordable in higher-risk areas. FEMA oversees the program and writes the terms of the Standard Flood Insurance Policy...more

Ballard Spahr LLP

National Flood Insurance Program Update

Ballard Spahr LLP on

As previously reported, in early December 2018 Congress passed another short-term extension of the National Flood Insurance Program that was scheduled to expire on December 21, 2018. ...more

Ballard Spahr LLP

One Week Extension of Flood Insurance Program

Ballard Spahr LLP on

As previously reported, the National Flood Insurance Program was scheduled to expire on November 30, 2018. Once again, Congress has kicked the can down the road by authorizing a temporary extension of the Program, rather than...more

Blank Rome LLP

Insurance Checklist for Individuals in the Event of Hurricane Losses on the Eastern Seaboard

Blank Rome LLP on

1. Identify and review your insurance policies: Depending on your situation, you may have insurance coverage provided through a homeowner’s policy or renters insurance. Coverage may also be available under an auto policy,...more

Carlton Fields

National Flood Insurance Program Extended to November 30, 2018

Carlton Fields on

On July 31, 2018, President Trump signed the National Flood Insurance Program Extension Act of 2018. The act extends the duration of the National Flood Insurance Act to November 30, 2018, updating both the “Financing” (42...more

Miles & Stockbridge P.C.

Who is Liable for Flooding of Adjacent and Nearby Properties?

The rains over the past few months of summer piqued the curiosity of some Maryland property owners who now would like to know if: (1) neighbors are liable for flood damage to adjacent or nearby properties, and (2) they are...more

Ballard Spahr LLP

Eleventh Hour Reauthorization of National Flood Insurance Program

Ballard Spahr LLP on

On July 31, 2018, the day that the National Flood Insurance Program was set to expire, the United States Senate voted 86 to 12 to reauthorize the program through November 30, 2018.  ...more

Zelle  LLP

You Dropped a Bomb (Cyclone) on Me

Zelle LLP on

Move over Snowmageddon and make way for the “bomb cyclone” which hit the East Coast January 4, 2018. While the official name of this winter storm is “Grayson”, the media focused on the phenomenon (bombogenesis) that...more

Carlton Fields

National Flood Insurance Program Reauthorized Through December 8, 2017

Carlton Fields on

On September 8, 2017, Congress passed legislation extending the National Flood Insurance Program until December 8, 2017. The program was set to expire at the end of September. ...more

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