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NAR’s New Insurance Covers More Than Antitrust | Real Estate News
Description
NAR just dropped a major insurance update for Realtor associations and MLSs — but don’t panic, it’s not all bad news. After settling a $418 million antitrust lawsuit, NAR’s new policy now covers a wide range of legal threats, from cyberattacks and employee theft to discrimination claims — and yes, even antitrust, though with a much lower $100K cap per claim (down from $1M). The revamped plan also extends coverage to directors, officers, employees, and even political committees and educational arms tied to associations. While antitrust protection got trimmed, cyber liability still offers up to $1M per claim — and NAR says this is all part of adapting to today’s evolving risks.
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