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Flood Insurance: Busy Hurricane Season Ahead and COVID-19 Extension

USA - June 17 2020 June 1 marked the start of hurricane season, and according to the National Oceanic and Atmospheric Administration (NOAA), the Atlantic hurricane...

Judea S. Davis.

FHFA Announces COVID-19 Forbearance Relief for Mortgage Servicers

USA - April 22 2020 In a statement released on April 21, 2020, the Federal Housing Finance Agency (FHFA) announced that mortgage servicers would only be required to...

Christy W. Hancock.

The “Physical Loss” Requirement for Business Interruption Claims Amid the Coronavirus

USA - March 25 2020 The massive economic disruption caused by the novel coronavirus pandemic raises questions about insurance coverage for business interruption losses...

G. Benjamin Milam.

New Jersey to Legislate Business Interruption Coverage for COVID-19

USA - March 20 2020 Commercial property insurance policies frequently include business interruption or loss of business income coverage when a covered “cause of loss”...

Alex Purvis.

GSEs Prepare for Losing LIBOR

USA, United Kingdom - February 10 2020 With new guidance and model documents issued by Fannie Mae and Freddie Mac, the mortgage industry is several steps closer to operating without LIBOR...

A. Michelle Canter, Christy W. Hancock.