The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) requires lenders on all government-backed loans to provide forbearance agreements on residential loan payments for a period of 180 days to any borrower that requests relief and affirms they are…
Archives for COVID-19
The Future After Forbearance: What’s Next?
category: Blog, CARES Act, COVID, COVID-19, Financial Institutions, Forbearance, Foreclosure Litigation, Legislative Updates, Loss Mitigation, Mortgage Default
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Is There a Fix for COVID Business Interruption and Event Cancellations Losses on the Horizon?
The losses sustained by American businesses in the wake of the COVID-19 pandemic will be measured at a level that may never be seen again in our lifetime. On July 30th, the U.S. Bureau of Economic Analysis issued an advance…
category: COVID-19, Litigation Law Blog
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Pandemic Risk Insurance Act of 2020 Introduced in Congress – A Federal Backstop for Business Interruption and Event Cancellation Losses
After months of discussion and drafting, H.R.7011, the Pandemic Risk Insurance Act of 2020 (PRIA) was introduced by Representative Carolyn Maloney and twenty co-sponsors on May 26, 2020. If passed as currently drafted, the Act would mandate that insurance companies…
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Pandemic Risk Insurance Act of 2020 Introduced in Congress – A Federal Backstop for Business Interruption and Event Cancellation Losses
After months of discussion and drafting, H.R.7011, the Pandemic Risk Insurance Act of 2020 (PRIA) was introduced by Representative Carolyn Maloney and twenty co-sponsors on May 26, 2020. If passed as currently drafted, the Act would mandate that insurance companies…
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North Carolina Considering COVID-19 Workers’ Compensation Expansion for Frontline and Essential Workers
For the last two months, the doors of millions of businesses and homes have been shuttered due to government mandated stay at home orders. Through it all, the individuals who have served on the front lines and in essential businesses…
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North Carolina Considering COVID-19 Workers’ Compensation Expansion for Frontline and Essential Workers
For the last two months, the doors of millions of businesses and homes have been shuttered due to government mandated stay at home orders. Through it all, the individuals who have served on the front lines and in essential businesses…
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Modern Slavery Statement Guidance – Note to Financial Institutions
The United Kingdom Home Office has released guidance to companies that are required to make a public statement about human trafficking risks and prevention measures under the U.K. Modern Slavery Act of 2015. Organizations are to address the emerging risks…
category: Blog, Commonwealth Modern Slavery Act of 2018, COVID-19, Financial Institutions, Human Trafficking, Human Trafficking Prevention Compliance, Modern Slavery Statements, U.K. Modern Slavery Act of 2015
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Mandated Coverage and Public-Private Risk Sharing Initiatives Under Consideration for COVID-19 Related Business Interruption Losses
In just a few weeks, we have gone from discussing what was believed to be the first COVID-19 lawsuit related to business interruption insurance and a handful of state legislative efforts to redefine the scope of coverage for businesses impacted…
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COVID-19 Business Interruption Insurance Litigation Proliferates
A few weeks ago we were discussing what was believed to be the first COVID-19 lawsuit related to business interruption insurance and a handful of state legislative efforts to redefine the scope of coverage for businesses impacted by COVID-19. Now,…
category: COVID-19, Litigation Law Blog
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