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The Intersection of FEMA and Insurance Claim Reviews
Increasingly, insureds, insurers, adjustment teams, claims consultants and others involved in the process of analyzing property insurance claims for damage sustained during catastrophic events must recognize the potential for their work to intersect with that of FEMA, the Federal Emergency Management Agency.
FEMA is authorized, under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. ' 5121 et seq. (2007) (the “Stafford Act”), to provide funds through a Public Assistance Grant Program (“PA Program”) to aid communities in responding to and recovering from major disasters or emergencies. The intent is for FEMA to promptly reimburse authorized applicants for certain types of loss arising from property damage, to the extent those losses are not insured or otherwise recoverable from other sources, such as through a salvage credit.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.