Regulation/Legislation

Insurers face increasingly complex economics when writing property coverage.

A unanimous New Jersey Supreme Court ruling could significantly expand insurance broker liability.

The ruling is poised to change the risk profile of transportation clients throughout the supply chain.

The settlement also extends State Farm's moratorium on non-renewals and cancellations for homeowners', rental dwelling, condominium and renters' policies.

The changes become effective in October.

The new law will take effect on January 1, 2027.