The North Carolina Supreme Court in 2024 famously bucked the trend on COVID-19 business-interruption coverage, finding that an insurer owed coverage to a restaurant that was forced to close during the pandemic. But that ruling is not enough to overturn …
All of the best-known storm forecasting services have predicted a mild 2026 Atlantic hurricane season. That includes Colorado State University, which last week revised its outlook to “well below normal” with just nine named storms, four hurricanes, and only one …
The 2026 hurricane season may turn out to be a quiet one, as predicted by long-range forecasts this year. But that only means that businesses should have more time to review and rehearse their emergency plans before the next storm …
The flood insurance gap in the United States is big and it’s not getting better. And the consequences of that gap are about to worsen for property owners and state and local governments, thanks to increasing rainfall amounts, stronger storm …
At long last, Florida property insurers may be thinking, state regulators have revised a consumer complaint tabulation methodology that many had criticized as skewed, unrealistic and out of line with most other states. Under Rule 69O-138.003, published last week, the …
A high-ranking Mississippi Insurance Department official has been placed on leave after allegations that he and his wife diverted more than $90 million from a credit union that is now in receivership. Chad Bridges, director of financial and market regulation …
A Kentucky food-coloring manufacturer made a number of missteps and was not equipped to prevent the 2024 runaway chemical reaction that killed two workers and caused millions of dollars in damage to the plant and surrounding neighborhoods. That was the …
Florida, like most states, has seen more than a decade of annual decreases in workers’ compensation average rates. But costs may no longer be falling, thanks in part to higher wages and escalating medical payments, a new study from the …
A West Virginia uninsured motorist policy specified that the policyholder must report an accident to police within 24 hours. But that’s not enough to negate a claim, the West Virginia Supreme Court of Appeals decided this week. The West Virginia …
Three new property insurance companies have entered the Florida market this spring, bringing to 20 the number of new carriers since Florida lawmakers ended assignment-of-benefit agreements and one-way attorney fees in 2023. “To date, these new companies since the legislative …