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
11/21/2024
/ FEMA ,
Flood Insurance ,
Flooding ,
Hurricane Season ,
Insurance Claims ,
Insurance Industry ,
Natural Disasters ,
Property Damage ,
Property Insurance ,
Property Owners ,
Severe Weather
On the first day of National Preparedness Month, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union...more
June 1 marked the start of hurricane season, and according to the National Oceanic and Atmospheric Administration (NOAA), the Atlantic hurricane season will be a busy one. NOAA predicts a 60% chance of an above-normal season,...more
In the first part of the series “The Mortgage Servicer’s Role in Navigating Insurance Claims,” we covered assessing property damage and applying insurance proceeds in compliance with the terms of the standard mortgage...more
10/24/2017
/ Anti-Concurrent Causation Clauses ,
Flood Insurance ,
Hurricane Harvey ,
Insurance Claims ,
Loans ,
Mortgage Lenders ,
Mortgage Servicers ,
National Flood Insurance Program ,
Natural Disasters ,
Property Damage ,
Property Insurance
In the first part of the series “The Mortgage Servicer’s Role in Navigating Insurance Claims,” we covered assessing the damage in the wake of a natural disaster and applying the proceeds when complying with the terms of...more