Lee said that, if enacted, the law would likely be the first of its kind in the US. However, similar proposals have been introduced in other states. In January, a bill was introduced in the California Senate that would grant policyholders and insurers the ability to file civil suits against fossil fuel companies. Source link
Legal professionals are assessing the insurance implications of trade-related disruptions. According to Pillsbury Law’s Jeff Kiburtz and Lisseth Ochoa-Chavarria, several lines of coverage may be affected, including political risk, directors and officers liability, builder’s risk, subcontractor default, and marine insurance. Although tariffs do not cause physical damage, the financial and operational fallout may lead to…
Speaking to IB, he said that most industry leaders agree that the future of insurance networks will be shaped by strategic growth, technological advancements, and increased collaboration. Specifically, Strakhov pointed to discounted vendor services, specialized support in accounting, legal, financing and consulting, as well as partnerships with MGAs and wholesalers that allow agents to manage…
Clean energy and the net-zero transition The transition to renewable energy sources – such as solar, wind, hydro, and geothermal – is fundamental to achieving net-zero emissions. This shift involves transforming energy production, distribution, storage, and consumption patterns. Source link
