While Florida hurricanes are not unusual, this storm created claims complexities because of new statutory reforms, homeowners without flood insurance, and supply chain and worker shortages.
According to a report from Allianz, D&O insurance underwriters are keeping an eye on litigation concerning expanding cyber threats and ESG liabilities in 2023.
While currently only private passenger types and light/medium trucks are eligible for the coverage, there is a possibility that ISO will expand the eligibility to include other vehicle types in the future.