News
California DFPI Suspends FIPVCC Implementation Pending Rulemaking
1+ day, 18+ hour ago (541+ words) In response to stakeholder feedback, California Department of Financial Protection and Innovation (DFPI) has announced its intention to initiate a rulemaking process to develop statewide regulations under California's Fair Investment Practices by Venture Capital Companies Law (FIPVCC)....By: Foley Hoag…...
Texas Regulatory Action Underscores Insurer Accountability for TPA Compliance
1+ mon, 4+ day ago (391+ words) Key Takeaways: A Florida-based insurer was recently fined by the Texas Department of Insurance for failing to ensure the competent administration of its programs by working with an unlicensed TPA and failing to conduct statutorily required semiannual reviews and biennial…...
Flood Claims Under the SFIP: How Failing to Comply with Strict Policy Deadlines Can Sink Your Flood Claim
1+ mon, 1+ week ago (598+ words) That assumption can be fatal to an otherwise valid flood claim. The SFIP is a federally codified policy governed strictly by statutory and regulatory requirements, and courts enforce those requirements rigorously. Failure to comply'often on purely procedural grounds'can bar recovery…...
Colorado Appellate Court Interprets State’s Insurance Disclosure Statute to Apply to Policy Not in Effect on Date of Underlying Claim
1+ mon, 1+ week ago (242+ words) On February 5, 2026, a divided panel of the Colorado Court of Appeals determined that an insurer that refused to produce an auto insurance policy issued after the subject accident in response to a statutory insurance-disclosure request violated the statute and was…...
Seventh Circuit Equates UL Monthly Policy Charges to Premiums to Hold Illinois Premium Notice Statute Does Not Apply
1+ mon, 2+ week ago (277+ words) In Dahleh v. Minnesota Life Ins. Co., No. 25-1315, 2026 U.S. App. LEXIS 1378 (7th Cir. Jan. 20, 2026), the Seventh Circuit affirmed the District Court's award of summary judgment to Minnesota Life on plaintiff's claim that the insurer improperly canceled a universal life insurance policy in violation…...
As Winter Storm “Fern” Thaws, Take Note of Keys to Insurance Recovery
1+ mon, 2+ week ago (111+ words) As the great thaw is underway across much of the country, Winter Storm Fern is now poised to be the most expensive weather event to hit the U.S., with economic losses estimated to surpass $100 billion....By: Bradley Arant Boult Cummings LLP…...
AI Tools and Bad Faith Risk in Insurance Claim Handling: Lessons from Lokken
1+ mon, 2+ week ago (198+ words) Lokken v. UnitedHealth Group, Inc. The Lokken court dismissed most state-law and statutory claims by applying the Medicare Act preemption. Critically, however, two claims survived: breach of contract and breach of the implied covenant of good faith and fair dealing. The…...
Winter Weather Event ‘Fern’ & Lessons from ‘Uri’: Key Insurance Recovery Considerations for Businesses
1+ mon, 3+ week ago (445+ words) Recent winter storms across Texas and the southern United States underscore the ongoing insurance-recovery risks posed by extreme weather events. Drawing on lessons from Winter Storm Uri and the more recent January 2026 winter storm, this LawFlash outlines key steps businesses…...
New Oil Christian Center v. GuideOne Mutual Insurance Co.
1+ mon, 3+ week ago (817+ words) In New Oil Christian Center v. GuideOne Mutual Insurance Co., 2025 WL 642914 (D. Minn. Feb. 27, 2025), the court held that a commercial property policy provision limiting recovery for roof surfacing to actual cash value (ACV) did not bar recovery for code-compliance costs, even when…...
Digging Out from Under Winter Storm Fern: Key Insurance Considerations for Commercial Policyholders
1+ mon, 3+ week ago (372+ words) As commercial policyholders begin recovery efforts, early and informed action is critical to preserving coverage and maximizing insurance recovery. 1. Mitigate Damage While Preserving Evidence Most commercial property policies require insureds to take reasonable steps to protect property from further damage....