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The ruling is among the largest payouts BP has challenged stemming from the Deepwater Horizon oil spill.
The government is liable for flood-related damages that occurred during the second-costliest storm in U.S. history, a judge ruled.
For insurers, a key concern is whether the catastrophe models used accurately reflect the influence of climate change.
Notably, 9 of the 10 most expensive U.S. hurricanes on record occurred in the last two decades.
Tax Facts Q&A: Do special conditions apply for deductions made by taxpayers within a federally-declared disaster area?
Is now the time for a comprehensive overhaul of the NFIP?
The insurance industry continues to see an uptick in the number of players bringing new innovations to fight fraud.
News from Allianz Global Corporate & Specialty SE, Risk Strategies, Unqork and more.
Hurricane Barry is traveling north through Louisiana and Arkansas, and threatens severe flash flooding.
PIA National VP Ted Besesparis looks at the history of the NFIP and federal flood reform, and offers a pathway forward.