Worldwide: Insurance Laws and Products

Business operations evolve constantly, yet many companies fail to update their insurance policies accordingly. Without regular reviews, organizations may discover critical coverage gaps only when facing a lawsuit, cyberattack, or property loss—when it's too late to address the deficiency.

The NAIC's Spring National Meeting addressed critical changes to risk-based capital factors for life insurers' collateral loans, with industry stakeholders debating the appropriate methodology for calculating RBC factors based on loan-to-value ratios and overcollateralization levels.

The Colorado Court of Appeals recently weighed in on whether the complete defense rule applies to title insurance policies, examining Covered Risks 4 and 5 alongside policy exclusions. This decision joins a growing body of case law addressing the fundamental differences between liability insurance and title insurance coverage obligations. The ruling also clarifies important distinctions about property access rights and their implications for real estate development.

Insurance bad faith litigation remains one of the most significant areas of exposure for carriers in the United States.

House Democrats have introduced legislation that would impose substantial financial penalties on health insurers with claim denial rates exceeding 25%, with fines scaling up to $10 million based on the severity of denials.

In a declaratory judgment action, the U.S. District Court for the Middle District of Georgia held that an insurer had no obligation to indemnify an insured for a post-bankruptcy state court judgment where the claimants...

A Florida federal court addressed whether COVID-19 business interruption claims could proceed under a policy's "Loss of Attraction" coverage for infectious disease...

“Squalls out on the gulf stream, big storms comin’ soon,” sang the late, great Jimmy Buffett, who knew, as a coastal resident, the power of a great storm. While summer is known for long days and family getaways...

Multiple U.S. states have enacted legislation regulating how health insurers can use artificial intelligence in claims coverage decisions, with Nebraska, Georgia, and Colorado establishing distinct frameworks that balance AI utilization with human oversight requirements. These statutes reflect growing legislative skepticism about replacing human judgment with AI systems, particularly in decisions that significantly impact individuals' healthcare access and coverage.