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National Association of Mutual Insurance Companies: Bipartisan Infrastructure Framework Shows Continuing Embrace of Mitigation Policies

INDIANAPOLIS, Indiana, Aug. 12 The National Association of Mutual Insurance Companies issued the following news release on Aug. 11, 2021:. Provisions in the Bipartisan Infrastructure Framework passed by the Senate today enact policies long championed by the National Association of Mutual Insurance Companies to help communities protect themselves from.

Inconsistent building codes leave some states vulnerable to hurricane damage

Inconsistent building codes leave some states vulnerable to hurricane damage 2021 edition of Rating the States scores building codes along the hurricane coastline News provided by Share this article Share this article RICHBURG, S.C., June 1, 2021 /PRNewswire/  A strong building code is critical to reducing the damage and destruction caused by hurricanes each year. On the first day of the Atlantic hurricane season, the Insurance Institute for Business & Home Safety (IBHS) today released the 2021 edition of Now in its fourth edition, Rating the States is released every three years following the building code update cycle of the International Code Council (ICC). The report scores the 18 Atlantic and Gulf Coast states vulnerable to hurricanes based on a set of questions related to statewide building code adoption, administration and enforcement and contractor licensing requirements in the adopted building code. It also provides a roadmap each state can follow to improve reside

Business, Interrupted: Insurance claims often denied for pandemic-related business closures

By Michelle Tuccitto Sullo After Lenny & Joe’s Fish Tale restaurant in New Haven sued its insurance provider for refusing to pay for business losses related to the coronavirus pandemic shutdown, a federal judge dismissed the case within just six months. U.S. District Court Judge Michael Shea in December granted AmGUARD Insurance Co.’s motion to dismiss the case, concluding the restaurant’s insurance policy’s virus exclusion meant any losses due to the pandemic weren’t covered. Like Lenny & Joe’s, an array of businesses, from restaurants to manufacturers and medical providers, have experienced pandemic-related losses in the past year, and several have turned to the courts when their insurance carriers denied coverage.

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