Viewpoint: Hurricane Ian, Anti-Concurrent Loss Language, and Ambiguities October 4, 2022 By Kathleen M. Bonczyk On September 28, 2022, the nearly Category 5 Hurricane Ian made landfall in southwest Florida with maximum sustained winds clocked...
National Flood Insurance Program Extended to Mid-December October 3, 2022 Late last week President Joe Biden signed legislation passed by Congress to extend the National Flood Insurance Program’s authorization to...
U.S. Homeowners Line ‘Stable’ but Weather Events Present Uncertainty: AM Best October 3, 2022 By Chad Hemenway A day after Hurricane Ian hit Florida as a Category 4 storm Sept. 28, AM Best released its scheduled market...
Social Media Company Liability Draws US Supreme Court Scrutiny October 3, 2022 By Greg Stohr The US Supreme Court will decide whether social media companies can be sued over targeted content recommendations, agreeing to hear...
Verisk: Up to $57B Insured Losses from Hurricane Ian October 3, 2022 By Chad Hemenway Insured losses from Hurricane Ian to onshore property will be between $42 billion and $57 billion, with much of the...
Peloton, Lululemon Settle Lawsuit Over Women’s Apparel Line October 3, 2022 By Jonathan Stempel Peloton Interactive Inc. has reached a settlement of a lawsuit in which Lululemon Athletica Inc. accused the exercise bike maker...
Judge Dismisses Mexico Lawsuit Against Gun Manufacturers October 3, 2022 A U.S. federal judge on Friday dismissed a lawsuit brought by the Mexican government against U.S. gun manufacturers arguing their...
KCC Estimates Near $63B in Hurricane Ian Insured Losses October 2, 2022 By Chad Hemenway Catastrophe modeler Karen Clark & Company (KCC) late Friday said the firm estimates insured losses from Hurricane Ian will near...
Insurer Off the Hook in Defending Western Union Against Terrorist Financing Suit September 30, 2022 By Andrew G. Simpson An insurer’s war and financial services exclusions relieve it of having to provide coverage for an insured being sued for...
Ian Aftermath Even Harder to Fix With Supply Chain Tattered September 30, 2022 By Jen Skerritt and Olivia Rockeman The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem...