The company prevailed before the New Jersey Appellate Division in its argument that it is not required to cover a personal injury claim because the injured person lived with the policyholder.

This is a first step toward a broader effort to curb ransom payments to hackers.

Insurance industry news from Canopius Group, Clearspeed, NFP and more.

The policy stated that damage to property would be covered if the total cost of the destruction exceeded the deductible.

As it stands, the insurtech has roughly 170,000 home insurance policies in the state.

Insurance technology news from BDI Global, Betterview, ManageMy and more.

State Farm alleges the fraud scheme operated for more than a decade.

Underwriters, however, remain wary about the potential impact of climate-driven disasters.