Legal
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The decision comes after a review of more than 500 policies by law firm Mishcon de Reya.
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The latest version of Congresswoman Maloney’s bill would increase the scheme’s ceiling by $250mn.
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Senator Ward told this publication the amended legislation would protect both carriers and policyholders.
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The economic damage wrought by Covid-19 may dull considerations of fairness and the sanctity of contracts.
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The policyholders’ law firm may draw on the Enterprise Act to seek redress for the late payment of claims.
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Ifeanyi Okoh had filed a complaint against the firm alleging harassment and discrimination.
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Hiscox policyholders’ law firm Mishcon de Reya urges insureds to continue to pursue their own claims.
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The regulator is to enforce measures to help customers in financial distress from 18 May.
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Insurers say the policy at issue has a $15mn sub-limit for windstorm damage.
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The multi-billion pound plan would make the state an insurer of last resort, and ensure coverage is maintained during the Covid-19 pandemic.
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The Judicial Panel on Multidistrict Litigation will determine whether federal BI lawsuits should be consolidated. -
The executive says carriers have not underwritten or priced for statutory developments.
