A New York City-backed program to offer property and liability insurance to affordable housing operators is a promising approach to reducing a key operating cost for landlords that don't have the flexibility of market-rate operators to increase rents, affordable housing experts said, but details of the plan remain scant.
An insurance risk pool in Pennsylvania is tightening policy exclusions for claims related to local law enforcement supporting federal immigration officials.
Lawmakers in California and Hawaii are advancing insurance bills that would create new causes of actions against oil companies and expand last-resort coverage. Here, Law360 Insurance Authority breaks down the developments.