News
Roofing Contractor Sued by Insurer Over Cyberattack Litigation
15+ hour, 36+ min ago (112+ words) Bloomberg Law News An insurance company sued an Indianapolis-based roofing contractor, seeking a court ruling that it has no duty to defend or pay claims in an underlying cyberattack case involving more than $310, 000 in allegedly misdirected payments. Multiple policy exclusions…...
Blue Bell Case Highlights Risks of Skimping on Insurance Coverage
2+ mon, 1+ week ago (879+ words) An ongoing first-of-its-kind Delaware trial testing corporate oversight claims underlines the limits of insurance policies meant to shield the personal assets of directors and officers sued for mishandling company operations. Commercial general liability policies aren't designed to cover management liability…...
Wildfire App Maker Fails to Block State App's "Aware' Branding
2+ mon, 1+ week ago (71+ words) Bloomberg Law News The owner of a "Wildfire Aware" trademark isn't likely to show that software firm Intterra Inc.'s "AWARECA" public safety app infringes or that she would suffer irreparable harm without a ban on the brand's use while…...
Wildfires Are Raising Californians" Utility Bills by Nearly 20%
2+ mon, 3+ week ago (107+ words) The escalating cost of wildfires now adds $41 to the average monthly power bill for residential customers of California's largest utility, according to a government report that calls for a systemic overhaul of how the state responds to conflagrations as climate…...
Homeowners Threatened by Costly Roof Repairs in Trump FHFA Move
3+ mon, 1+ week ago (118+ words) Bloomberg Law News Fannie Mae and Freddie Mac's US regulator is pushing to allow for cheaper roof insurance coverage on mortgages backed by the companies, but the rule change also leave many policyholders in the lurch when they need to…...
US Home Insurance Prices Set to Keep Rising With Severe Weather
3+ mon, 2+ week ago (128+ words) Bloomberg Law News US home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. The average annual premium is projected to increase 4% to about $3, 057 this…...
Oklahoma Landowner Sued by Insurer Over Pollution Claims
4+ mon, 1+ week ago (106+ words) Bloomberg Law News Shelter Mutual Insurance Co. sued Oklahoma property owner Territory Land Investments LLC to avoid paying for buyers" claims over pollution on residential lots. Shelter"s insurance policy excludes coverage for contaminated land, the insurer said in a…...
Poorer Americans Dropped Federal Flood Insurance When Rates Rose
6+ mon, 3+ week ago (118+ words) When FEMA overhauled rates for millions of homeowners in the National Flood Insurance Program in 2021, critics warned that higher prices could push poorer homeowners out of the program and potentially leave them without a safety net. When the US Federal…...
LA Fires Push Insurers" 2025 Disaster Losses to $107 Billion
6+ mon, 3+ week ago (228+ words) Even with no hurricanes making landfall in the US in 2025, insured losses from global natural catastrophes surpassed the $100 billion mark for the sixth consecutive year, according to an analysis by Swiss Re Institute, the research arm of the reinsurance company....
Super Roofs" Reward Insurers, Cat Bond Investors and Homeowners
7+ mon, 6+ day ago (123+ words) As the Trump administration stalls federal funding for projects intended to make states more resilient to climate change and private insurers decline to cover properties in high-risk zones, North Carolina just proved there's another way to fund disaster preparedness: a…...