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Orrick, Herrington & Sutcliffe 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…
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…
Orrick, Herrington & Sutcliffe 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…
Orrick, Herrington & Sutcliffe 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…
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…
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…
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…
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…
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…
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…
