News & Analysis as of

Hurricane Season

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

Lowndes

What Landlords and Tenants Need to Know This Hurricane Season - June 2025

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Hurricane season is officially underway, and the National Oceanic and Atmospheric Administration (NOAA) is predicting an above-normal season. Hurricane season runs from June 1 to November 30, and the agency is estimating...more

Baker Donelson

Update on Federal Disaster Reform: Efforts to "Rebalance" FEMA's Role

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Though there is continuing debate on the underlying cause(s), data clearly supports that natural disasters are occurring with increasing frequency and at a greater cost to the American public (whether personally or through...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

Brooks Pierce

Key Deadlines for Businesses Recovering from Hurricane Helene

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With year-end nearing, this client alert summarizes the extension of important deadlines and rebuild considerations for businesses recovering from Hurricane Helene....more

Alston & Bird

Look Ahead to the Week of December 9: Defense Spending Takes Center Stage

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Both the House and Senate will be in session for another two weeks, continuing to work on a long to-do list before the adjournment of the 118th Congress. Over the weekend, an agreement was reached on the annual defense...more

Baker Donelson

FinCEN Extends BOI Report Deadline for Hurricane-Affected Businesses

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Please be advised that this article was written prior to the issuance by the United States District Court for the Eastern District of Texas on December 3, 2024, of a nationwide preliminary injunction enjoining enforcement of...more

Foodman CPAs & Advisors

BOI Reporting Relief for Hurricane Victims

On 10/29/24, FinCEN announced Beneficial Ownership Information (BOI) Reporting Relief to specific victims of Hurricane Milton, Hurricane Helene, Hurricane Debby, Hurricane Beryl, and Hurricane Francine. BOI Reporting Relief...more

Wiley Rein LLP

FinCEN Extends Corporate Transparency Act Filing Deadline for Certain Companies Impacted by Recent Hurricanes

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The Financial Crimes Enforcement Network (FinCEN) recently announced that it will provide a six-month Corporate Transparency Act (CTA) filing extension to certain reporting companies affected by one of the five hurricanes in...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

Proskauer - Employee Benefits & Executive...

Benefit Plan Deadlines Extended for Individuals Affected by Recent Natural Disasters

Last week, the U.S. Departments of Labor and Treasury issued a Joint Notice requiring the extension of certain benefit plan deadlines for individuals affected by Hurricanes Helene and Milton and Tropical Storm Helene.[1] The...more

Ward and Smith, P.A.

Weathering the Storm: How to Get Your Affairs in Order

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In the aftermath of Hurricane Florence in 2018, I wrote this article to help individuals and families navigate the legal and financial issues that often follow a devastating storm. I remember the incredible outpouring of...more

Adams & Reese

CTA Breaking News: FinCEN Announces Six-Month BOI Reporting Extension in Hurricane Areas

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With the Jan. 1, 2025, deadline fast approaching for companies to submit their Beneficial Ownership Information (BOI), the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has announced a...more

Akerman LLP

FinCEN Extends Corporate Transparency Act Reporting Deadlines for Hurricane Victims

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The Financial Crimes Enforcement Network (FinCEN) announced as of October 29, 2024, a six-month extension for certain businesses affected by recent hurricanes to submit their beneficial ownership information (BOI) reports...more

Smith Anderson

Update on Regulatory Relief for North Carolina Long-Term Care Facilities After Hurricane Helene

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The North Carolina Division of Health Service Regulation (“DHSR”) has issued guidance to Adult Care Home (ACH), Family Care Home (FCH), and Skilled Nursing Facility (SNF) providers regarding temporary waivers or modification...more

Adams & Reese

Florida Launches “Check My Contract” Program in Wake of Hurricane-Related Insurance Claims

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In a proactive move aimed at protecting property owners, the Florida Department of Financial Services (DFS) has launched what it refers to as its “Check My Contract” program. This initiative is geared towards residential and...more

Shutts & Bowen LLP

Breaking News: FinCEN Postpones Beneficial Ownership Reporting Deadlines for Companies Impacted by Recent Major Storms

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Shutts & Bowen would like to inform you that earlier this week the U.S. Financial Crimes Enforcement Network (“FinCEN”) announced a temporary postponement of the Beneficial Ownership Information (BOI) reporting deadlines for...more

Brooks Pierce

Hurricane Helene Financial Resources for Businesses

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As Hurricane Helene survivors mark one month since the storm hit, and long-term recovery continues in Western North Carolina, this client alert addresses financial resources for businesses. ...more

Nelson Mullins Riley & Scarborough LLP

FinCEN Announces Relief Plans for Qualified Victims Impacted by Recent Hurricanes

The Financial Crimes Enforcement Network (FinCEN) recently announced plans to provide relief to victims of recent hurricanes and natural disasters, including Hurricane Helene. FinCEN is providing an additional six months to...more

Quarles & Brady LLP

U.S. Charities Supporting Hurricane and Disaster Relief

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As the aftermath from Hurricanes Helene and Milton continue to unfold, charitable organizations have pondered how they can provide aid to individuals who are in need of medical supplies, housing, and other basic necessities....more

Pillsbury Winthrop Shaw Pittman LLP

Hurricanes Helene and Milton: Evaluating Business Interruption Claims Following a Large-Scale Disaster

Storms like the ones that recently caused widespread devastation leave behind challenging questions about business interruption insurance coverage. Quantifying a policyholder’s business interruption loss is a contentious...more

Ward and Smith, P.A.

General Assembly Approves Second Round of Hurricane Helene Relief

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The House and Senate passed the legislation unanimously, and it will become effective when Governor Cooper signs it into law. On October 23rd, Governor Cooper released a Preliminary Damage and Needs Assessment, which included...more

Cozen O'Connor

North Carolina Asks Cell and Internet Providers for Hurricane Relief

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North Carolina AG Josh Stein issued a letter to major cell service and internet providers requesting that they offer expanded service and other assistance to the state’s residents most impacted by Hurricane Helene....more

Cozen O'Connor

The Fine Line Between Delay and Bad Faith: Insights from the Fifth Circuit.

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A prompt response is critical when disaster strikes, but as the Fifth Circuit recently ruled, delays may be excusable in certain circumstances. In First United Pentecostal Church v. Church Mut. Ins. Co., No. 23-30779, 2024 WL...more

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