FEMA has introduced the largest reform to the National Flood Insurance Program (NFIP) rating system since its inception in 1968. The NFIP program premium will now be determined by the risk assessment at individual property levels versus the current more standardized, one-size-fits-all approach. Continue reading
Floods are the most common and widespread of all natural disasters, with many U.S. communities experiencing some degree of flooding after spring rains, winter snow thaws or heavy thunderstorms. Learning about this weather possibility and how to properly prepare for it can save lives and minimize damage.
Most floods develop slowly over a period of days but flash floods are different, developing like walls of water in a matter of minutes, often due to intense storms or a dam failure. Flooding can create conditions favorable for a fire to occur, either by causing it or by impeding efforts to fight it. While electrical fires can occur for any number of reasons, including overloading of circuits and improper wiring practices, floodwater increases fire danger through short circuits in wiring and electrical equipment. Continue reading
Mold issues in multi-family housing can lead to many significant impacts – from remediation costs to loss of rent and, perhaps most critically, long-term health effects. Although engineering and construction practices have significantly improved in recent years, affordable housing organizations need to be vigilant around mold issues and concerns. While insurance coverage is typically relied upon for many property-related losses, there remains a disconnect about how mold claims are often handled by the insurance industry. Continue reading
On Friday Dec. 17, 2021, the 6th Circuit Federal Court of Appeals reinstated the Occupational Safety and Health Administration’s (OSHA) federal emergency temporary standard (ETS) for COVID-19. The 6th Circuit court decision reverses the stay ordered in November by the 5th Circuit and allows OSHA to resume ETS implementation and enforcement nationwide.
The ETS establishes a mandatory vaccination policy requirement for private employers with 100 or more employees. ETS opponents have already filed an appeal with the U.S. Supreme Court challenging the 6th Circuit’s decision. Continue reading