A proposal by President Donald Trump's administration to transfer policies from the National Flood Insurance Program to the private market could leave the NFIP stuck with high-risk properties and fail to improve low levels of flood coverage protection, policy experts say.
In a first-of-its-kind interpretation of the dual capacity exclusion, the New Jersey Supreme Court backed an insurer's decision to pull coverage from a pharmaceutical company after a chairman was accused of self-dealing.
Policyholder advocates won a victory when a state court said litigators can cite a recent ruling about water damage claims.