The court said this case may have gone differently if the insurance contract had been from the private market as opposed to an NFIP policy.

U.S. SCS losses for 2026 are roughly $22 billion so far.

A potential bill would amend the Cal-WARN Act to require 90 days' notice for AI- or automation-driven layoffs.

Chad Bridges joined the state's Insurance Department in 2004 and was appointed director of the Financial and Market Regulation Division in 2024.

The product includes medical coverage for conflict-related incidents, with airline-managed hotel accommodations and support for extended stays.

Years of premium declines and a competitive environment have cut into D&O reserves.

A U.S. District Court analyzed the insurance policy to determine the intended coverage.

The settlement includes a structured component designed to provide long-term financial support for the plaintiff.