United States: Insurance

California's Wildfire Fund administrator has released a comprehensive study examining 10 legislative recommendations to enhance the state's resilience against natural catastrophes, addressing critical challenges in property insurance affordability, utility financial stability, and wildfire risk mitigation.

Property owners in South Carolina's coastal and flood-prone areas face numerous unexpected limitations and strict requirements when relying on National Flood Insurance Program (NFIP) policies. Understanding coverage gaps, exclusions, proof of loss deadlines, and anti-concurrent causation clauses before disaster strikes can prevent significant financial losses and claim denials.

An apartment complex was insured under a $1 million primary policy and a $10 million excess policy. Following a fatal shooting at the complex, the deceased’s estate made two settlement demands within the primary policy limits.