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.
The risk of overlapping jurisdiction in the data protection space increases both with the frequency of reported breaches and the adoption of new data protection regimes in the various states.