Swiss Re Says Wildfires, Storms, Floods Account for 92% of Global Insured Losses Wildfires, severe convective storms and floods — also known as secondary perils — accounted for a record 92% of total... Read More
Florida’s Home Hardening Grant Plan Is Massive, Popular—and Flawed, Critics Say Florida’s $833 million My Safe Florida Home mitigation program is as popular as ever, providing grants for homeowners to harden... Read More
Is a Federal Reinsurance Backstop the Answer to Home Insurance Challenges? The Brookings Institution’s Hamilton Project has released a proposal for a federal reinsurance backstop called US Re to leverage federal... Read More
Insurer Wants Its $3.5M Back Because City Delayed Reporting Claims for 5 Years The city of New Haven’s insurance company is insisting that the city pay back the $3.55 million the insurer paid... Read More
Gulf Importers Race to Reroute as Hormuz Closure Jolts Supply Chains Importers across the Gulf are scrambling to secure alternative routes for vital goods – from food to medicines and factory... Read More
BofA Agrees to Settle Claims It Aided Epstein Sex Crimes Bank of America Corp. has reached an agreement in principle to settle a proposed class action lawsuit on behalf of... Read More
Unconditional Payments Interrupt Prescription for Louisiana First-Party Claims Unconditional payments—payments made without condition or reservation of rights, such as settlement offers—restart the clock on the standard two-year prescriptive... Read More
Meta, Google Pivot in Addiction Trial to Accuser’s Home Life As Meta Platforms Inc. and Google start presenting their defense in a landmark trial over social media addiction, the companies... Read More
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse Five insurance carriers cannot be expected to defend or indemnify a Georgia boarding school where child sexual abuse took place... Read More
7th Circuit: Church Not Owed Replacement-Cost Payment for Fire Damage An Indiana church that sought payment at replacement-cost level for fire damage to its property learned the hard way that... Read More