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Aviation and Space Law

The Aviation and Space Law Committee addresses all issues relating to aviation law including liabilities and obligations arising out of the manufacture, ownership, maintenance and use of aircraft; aviation accident litigation; coverage afforded by aviation insurance policies; and legal issues arising from the growing commercialization of space.

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Private Flood Insurance Rule For Lenders Takes Effect as Congress Mulls Further NFIP Reforms

By Timothy H. Penn - On July 1, 2019, a final rule became effective on the acceptance of private flood insurance by lenders to satisfy mandatory flood insurance purchase requirements for properties located in special flood hazard areas. The rule marked the end of a six year effort by financial institution regulators to implement part of the Biggert-Waters Flood Insurance Reform Act of 20121 (BW12) intended to increase acceptance and availability of private flood insurance coverage. -- Read More in the Workers’ Compensation and Employer Liability Committee newsletter --