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New laws make carriers advance living expense payments and cover building code costs.
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The stop-gap measure must now be passed by lawmakers in the Senate. -
The state’s financial services superintendent orders carriers to factor climate risk into governance frameworks and risk management processes.
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(Re)insurance clients and NGOs plan to use their buying power to push for change in the industry.
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Commissioner Lara says he will implement new consistent home-hardening standards and a wildfire risk score for consumers.
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If further temporary funding is agreed, it will be the 16th short-term extension since 2017.
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Insurance Commissioner Donelon orders insurer flexibility over premium payments and claims documentation.
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The latest decision comes as judges across the US compel plaintiffs pursuing BI claims to show clear evidence of direct damage from coronavirus.
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The company continues its diversification from Florida with its 19th state authorisation.
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The Hartford and Cincinnati Financial Corporation have experienced the highest level of litigated claims.
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Kodak shares leapt to a six-year high on July 29 as news emerged of an unusual $765mn loan from the US federal government to manufacture Covid-19 drugs.
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The federal body ordered Lloyd’s, Cincinnati Insurance, The Hartford and Society Insurance to demonstrate why the cases should not be consolidated on an insurer-by-insurer basis.
