Insureds cannot rely on the word of an insurance adjuster—even one hired by the insurer—to show that a homeowners’ policy covers sewage backup, a federal appeals court said in a case that underscored the sanctity of policy exclusions but also …
Carmakers Bank on $2.3B in Future Tariff Refunds
Some automakers this week got a first-quarter profit boost—at least on paper—from future refunds of tariff payments they made to the U.S. government, risking potential