Fundraising for SJCRH

Nielsen & Treas LLC, is a law firm dedicated to civil litigation. Their practice and expertise is in insurance law and and law enforcement defense, in addition to civil law in general. Members of Nielsen & Treas LLC donate money to various charitable causes, such as St. Jude Children's Research Hospital.

St. Jude Children’s Research Hospital is both a hospital and research facility. Their goal is to advance treatments for disease in children. Founded in 1962, the treatments devised by the hospital contributed to an improvement in the overall childhood cancer survival rate, increasing it from 20 to 80 percent. They have treated children across the globe, including in over 50 nations, without any cost to the family. St. Jude Children’s Research Hospital is a nonprofit medical corporation, they are supported worldwide by donations.

There are several ways to support the hospital. Many schools and colleges, in addition to large organizations like BMW, sponsor sports and other events to raise money. Whether a football game, a marathon, or a music event, anyone can organize a fundraiser. There are even awards and prizes given to those who fundraise, such as a t-shirt or a mousepad. People that raise at least $250 by running a marathon become a part of the Saint Jude heroes, an alliance against childhood cancer. Although, the simplest way to help is to donate money or by sending a small gift to children.

Insurance for Flood Risk to Property

Nielsen & Treas LLC, located in Metairie, Louisiana, has more than 30 years of experience with governmental interest litigation. Among its areas of expertise, Nielsen & Treas LLC guides insurance clients through the complexities of the National Flood Insurance Program (NFIP).

In April 2021, the Federal Emergency Management Agency, or FEMA, made changes to the pricing methodology for the NFIP. The new system, Risk Rating 2.0: Equity in Action, involves the distribution of premiums to policyholders based on the value of their home and the flood risk. According to FEMA, the change is to meet the Agency’s goal, that of reducing the loss from a flood. FEMA has also incorporated other variables, such as flood frequency, variety of flood type, and proximity to the nearby water source.

Prior to these changes, the pricing methodology had not been changed over the past 50 years. FEMA had realized that a policyholder with a lower-valued home paid more than their share of the risk, while those with higher-valued homes paid less than expected. The new methodology corrects this problem by providing a more equitable and simpler flood risk policy, so that a policyholder pays a fair amount that truly corresponds to the property’s flood risk.