Industry Roundup: What is Jackware?; More Than 80% of Flood Policyholders Expected to see Premiums Increase; Top Five Reasons for Insurance Complaints in 2021; Two-Thirds of Employees Might Seek New Jobs if Forced Back to Office
More Than 80% of Flood Policyholders Expected to see Premiums IncreaseWhen the Federal Emergency Management Agency (FEMA) rolled out a major overhaul to its beleaguered National Flood Insurance Program last April, it promised that bigger, richer homes would bear the brunt of premium increases, while almost 90 percent of policyholders would see their costs stay stable or decrease. Injured Passengers in Rental Car Not Entitled to Payment Under UIM CoverageThe West Virginia Supreme Court reversed summary judgment in favor of two plaintiffs, finding they were not covered under the driver's underinsured motorist (UIM) coverage because they were passengers of a rented vehicle that was not a…