Wildfires and hurricanes caused billions of dollars in insured losses during October, and insurers are facing payouts beyond $8 billion, resulting from fires across California, Colorado and Oregon during October.
Following uncertainty at the start of the pandemic, the surety markets, and especially surety-supporting construction projects, have fared surprisingly well, but that could change without further government help.
The state of Oregon announced Monday it will provide free fire debris cleanup for all homes and businesses hit by September fires. The Federal Emergency Management Agency (FEMA) also extended loan applications to Nov. 30.
Three Mid-Columbia farms are among those receiving the biggest fines from the Washington state Department of Labor and Industries for serious violations of agriculture regulations to prevent the spread of the coronavirus.
As the development, and possible mass production, of COVID-19 vaccines gather speed, the transportation and logistics industry will need to turn its attention to how the product can be safely and efficiently distributed.
By any measure, this year’s wildfire season was a scorcher. From weeks of oppressive smoke to explosive blazes that destroyed an entire town and culminated in the death of an infant, this year’s catastrophic fires affected nearly everyone in Washington.
State Farm is sending sensors that can detect hazards in electric wiring to 40,000 homeowners in California, Arizona and Texas as part of a pilot project that will measure potential savings and customer acceptance.
General Motors Co. launched an auto insurance program with the help of its OnStar subsidiary, joining a field of companies hoping to cash in on the data generated by increasingly automated and connected cars.