Flood Insurance

Policyholders Beware: Insurers Relying on Anti-Concurrent Causation Clauses to Defeat Coverage in the Aftermath of Superstorm...

by Joseph Jean, Steven Morris | Lowenstein Sandler LLP on 5/7/2013

To the dismay of most New York business owners who suffered property damage from Superstorm Sandy, insurers are taking the position that only flood losses occurred and businesses that did not pay an additional premium for...more

Federal Regulators Clarify Effective Dates For Flood Insurance Amendments

by BuckleySandler LLP on 4/9/2013

On March 29, the Federal Reserve Board, the FDIC, the OCC, the NCUA, and the Farm Credit Administration issued an interagency statement to clarify the effective dates for changes to the Flood Disaster Protection Act enacted...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - April 5, 2013

by BuckleySandler LLP on 4/8/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - PAYMENTS - Excerpt from Payments: CFPB...more

Federal Banking Agencies Issue Flood Insurance Guidance

by Richard J. Andreano, Jr., Alan S. Kaplinsky, Christopher J. Willis | Ballard Spahr LLP on 4/4/2013

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 Biggert-Waters Flood...more

Flood Insurance Changes

by Jeffrey M. Werthan | Katten Muchin Rosenman LLP on 4/3/2013

On March 29, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the National Credit Union Administration, and the Farm Credit...more

Policyholders Beware: Insurers Relying on Anti-Concurrent Causation Clauses to Defeat Coverage in the Aftermath of Superstorm

by Joseph Jean, Steven Morris | Lowenstein Sandler LLP on 4/2/2013

To the dismay of most New York business owners who suffered property damage from Superstorm Sandy, insurers are taking the position that only flood losses occurred and businesses that did not pay an additional premium for...more

Corporate and Financial Weekly Digest - March 29, 2013

by Katten Muchin Rosenman LLP on 4/1/2013

In this issue: - Proposed Change to FINRA Rule Regarding Release of Disciplinary Complaints, Decisions and Other Information - SEC Approves on an Accelerated Basis FINRA Rule Change Relating to Margin...more

New Jersey Establishes a Mediation Program for Open Superstorm Sandy Insurance Claims, Notice of Which Must Be Provided to...

by Richard Bennett | Cozen O'Connor on 3/29/2013

New Jersey has now joined New York in instituting a voluntary mediation program for insured victims of Superstorm Sandy with “open and unresolved first-party insurance claims.” The program became operative with the issuance...more

Superstorm Sandy: You May Still Be Entitled to Coverage, Even if Your Business Did Not Have Flood Insurance

by Joseph Jean, Steven Morris | Lowenstein Sandler LLP on 3/1/2013

Superstorm Sandy devastated the East Coast last October, causing more than $70 billion in damage to New York, New Jersey and Connecticut. Thousands of businesses suffered extensive property damage to their buildings, contents...more

Insurance Coverage In The Wake Of Hurricane Sandy

by The Law Offices of Tacopina Seigel and... on 2/25/2013

Anyone living in the New York Metro Area will not soon forget hurricane Sandy. Sandy may go down as the worst Atlantic storm to ever hit the eastern United States. It may ultimately also prove to be one of the most expensive,...more

OCC Updates Effective Dates For CMP Inflation Adjustment And New Flood Insurance Penalties

by BuckleySandler LLP on 2/22/2013

On February 8, the OCC issued Bulletin OCC 2013-7, which clarifies that the maximum amount of the OCC’s civil money penalties (CMP) as adjusted for inflation last fall apply to violations that occurred on or after December 6,...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - February 15, 2013

by BuckleySandler LLP on 2/15/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - PRIVACY/DATA SECURITY - Excerpt from Privacy/Data...more

Real Estate Alert - New Jersey Enacts New Rebuilding Rules In Response To Superstorm Sandy

by Thomas Letizia | Pepper Hamilton LLP on 2/5/2013

The impact of Superstorm Sandy on New Jersey was enormous: nearly 346,000 housing units either destroyed or damaged and 190,000 businesses affected. Sandy demonstrated just how vulnerable to damage much of the low-lying areas...more

Infrastructure Alert - January 29, 2013

by Cozen O'Connor on 1/29/2013

The current International Longshoremen’s Association (ILA) and U.S. Maritime Alliance (USMX) contract extension expires at the end of February 6. Carrier-paid container royalties remain the central issue in the negotiation. ...more

A Supplemental Whitepaper Addressing Sandy’s Impact on Commercial and Residential Property Owners and Construction Companies

by Josh Greenbaum, F. Jacoby, John McDonough | Cozen O'Connor on 1/23/2013

Superstorm Sandy, which made landfall near Atlantic City, N.J. on October 29, 2012, brought virtually unprecedented destruction to a large swath of the northeastern United States including, in particular, coastal New Jersey,...more

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Policyholders Beware: Insurers Relying on Anti-Concurrent Causation Clauses to Defeat Coverage in the Aftermath of Superstorm...

Federal Regulators Clarify Effective Dates For Flood Insurance Amendments

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - April 5, 2013

Federal Banking Agencies Issue Flood Insurance Guidance

Flood Insurance Changes

Policyholders Beware: Insurers Relying on Anti-Concurrent Causation Clauses to Defeat Coverage in the Aftermath of Superstorm

Corporate and Financial Weekly Digest - March 29, 2013

New Jersey Establishes a Mediation Program for Open Superstorm Sandy Insurance Claims, Notice of Which Must Be Provided to...

Superstorm Sandy: You May Still Be Entitled to Coverage, Even if Your Business Did Not Have Flood Insurance

Insurance Coverage In The Wake Of Hurricane Sandy

OCC Updates Effective Dates For CMP Inflation Adjustment And New Flood Insurance Penalties

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - February 15, 2013

Real Estate Alert - New Jersey Enacts New Rebuilding Rules In Response To Superstorm Sandy

Infrastructure Alert - January 29, 2013

A Supplemental Whitepaper Addressing Sandy’s Impact on Commercial and Residential Property Owners and Construction Companies

Infrastructure Alert - January 15, 2013

California Federal District Court Holds Force-Placed Insurance Claims Not Preempted By National Bank Act

HUD Issues Mortgagee Letters Regarding Flood Zone And Small Supervised Lender Reporting Requirements

Infrastructure Alert - January 3, 2013

Top 6 At 12: Highlights Of The Top Climate Change Stories In The Second Half Of 2012

Did You Sustain Damage from Superstorm Sandy?

Overriding Interest - Winter 2012

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