Insurers Win First Round of Climate Change Coverage Litigation
The Virginia Supreme Court recently issued its much anticipated opinion in Steadfast Insurance Company v. The AES Corporation, the first climate change coverage case to be decided, and affirmed the...
View ArticleConn.-Based Insurers Now Required to Participate in NAIC Climate Risk Surveys
Connecticut Insurance Commissioner Thomas Leonardi today announced that Connecticut-based insurance companies will now be required to complete the annual Climate Risk Survey that was initially adopted...
View ArticleGovernor Malloy, in East Haven, touts fund for flood-threatened homes
Standing at the foot of the town’s Beach House and facing Long Island Sound, Gov. Dannel P. Malloy spoke to the media Thursday to promote a new initiative aimed at providing homeowners threatened by...
View ArticleMilford, East Haven top Connecticut in costly flood-prone homes
So often has seawater inundated the small city of 53,000, Milford, Conn., has the distinction of having the most number of properties in the state — 36 — that have been repeatedly and severely flooded...
View ArticleInsurance industry sees risk, adapting to guard against climate change
Last month, Farmers Insurance Co., one of the nation's largest insurers, filed nine class action suits alleging that about 200 Chicago area localities knew that climate change would lead to greater...
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