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Buckley LLP | USA | 12 Oct 2021

Fed announces enforcement action against Minnesota bank

On October 7, the Federal Reserve Board announced an enforcement action against a Minnesota-based bank. In the consent order, the Fed alleges that…
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Bradley Arant Boult Cummings LLP | USA | 8 Apr 2021

FEMA Releases Flood Insurance Rating Methodology Under Risk Rating 2.0

On April 1, 2021, FEMA released its highly anticipated flood insurance rating methodology, Risk Rating 2.0-Equity in Action…
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Buckley LLP | USA | 11 Feb 2020

Fed issues enforcement action for national flood insurance act violations

On February 6, the Federal Reserve Board (Fed) announced an enforcement action against a Virginia-based bank for alleged violations of the National…
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Buckley LLP | USA | 4 Feb 2020

Federal Reserve issues enforcement action for flood insurance violations

On January 30, the Federal Reserve Board (Fed) announced an enforcement action against a New York-based bank for allegedly violating the National…
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Squire Patton Boggs | USA | 19 Nov 2019

Strict Conditions Doom Flood Insurance Claim

The National Flood Insurance Program has been controversial to say the least. Part of the program allows commercial insurance companies to act as…
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Bradley Arant Boult Cummings LLP | USA | 8 Oct 2019

Regulators Release Updated Examination Procedures for Acceptance of Private Flood Insurance

The final rule promulgated by the Board of Governors of the Federal Reserve (Federal Reserve), the Farm Credit Administration, the Federal Deposit…
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Bradley Arant Boult Cummings LLP | USA | 8 Oct 2019

Private Flood Insurance Rules Now in Effect for Lenders and Servicers

The Board of Governors of the Federal Reserve System, the Farm Credit Administration, the Federal Deposit Insurance Corporation, the National Credit…
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Bradley Arant Boult Cummings LLP | USA | 3 Jun 2019

The Wait for NFIP Reform Continues

For the 11th time in the last two years, the House has passed yet another short-term extension of the National Flood Insurance Program (NFIP). The…
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Squire Patton Boggs | USA | 20 May 2019

Superstorm Sandy Relaxed Rules Did Not Waive Proof of Loss Requirement Under NFIP

Superstorm Sandy was devastating to many people. Those who had flood insurance through the National Flood Insurance Program (“NFIP”) obtained some…
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Squire Patton Boggs | European Union, United Kingdom, USA | 4 Mar 2019

Reinsurance Newsletter March 2019

In a non-reinsurance case, the United States Supreme Court resolved a Federal Circuit dispute about whether there was a “wholly groundless” exception…
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