Atlanta Locke Lord Partner Brian Casey Quoted by Law360 on Insurance Legislation and Regulation to Watch in 2024

January 2, 2024

Brian Casey, Co-Leader of Locke Lord’s Regulatory and Transactional Insurance Practice Group and a member of the Firm’s Corporate, Capital Markets and Health Care Practice Groups, was quoted by Law360 on how climate risk is impacting homeowners insurance availability and affordability. As wildfires in California and hurricanes in Florida continue, some insurers in those states have placed a moratorium on new homeowners insurance offerings, and Casey said regulatory activity will take different approaches to find ways to lure insurance companies into writing those kinds of risks.

“We don’t want insolvent insurance companies. Nobody wants that, including insurance departments,” Casey said. “But at the same time, [without homeowners insurance] you can’t borrow money to buy a home. You know, it’s all kind of connected there.”

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