U.S.
81% of Flood Insurance Policyholders Will See Rate Increases
When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April, it promised that bigger, richer homes would bear the brunt of ...
Federal Court in Delaware Requiring Disclosure of Litigation Funding Agreements
Insurers are applauding a decision by the chief judge for the U.S. District Court in Delaware to require parties to disclose whether a litigation funder has an interest in any cases brought before ...
Federal Judge Approves $85M Settlement in Zoom Case
A federal judge in California approved an $85 million settlement between Zoom Video Communications and millions of users who said the teleconference meeting application violated their privacy rights ...
‘Deceptive’ Denial Letter Costs Insurer Treble Damages After Appeal to 4th Circuit
The insurer first said it would pay to repair a breezeway at a student housing complex that partially collapsed during a Saturday night student party. Then it said it wouldn't and sent the ...
New Jersey Diocese Reaches $87.5M Settlement with Sex Abuse Claimants
The Catholic Diocese of Camden, N.J., and the committee representing about 300 survivors of clergy sexual abuse have reached an $87.5 million settlement that will establish a trust to compensate the ...
Special Florida Insurance Session Welcomed, but Will It Come Soon Enough?
Florida's governor has yet to set a date for a special legislative session aimed at the property insurance crisis in the state, but some in the industry, while welcoming the gathering, said it may ...
U.S. Will No Longer Enforce Mask Mandate on Airplanes, Trains After Court Ruling
The Biden administration will no longer enforce a U.S. mask mandate on public transportation after a federal judge in Florida on Monday ruled that the 14-month-old directive was unlawful, overturning ...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon
Preliminary economic losses from natural hazards during the first quarter of 2022 totaled $32 billion, of which less than 50 percent (or $14 billion), was covered by public and private insurers, ...