Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires. The damage, tallied by the German reinsurer Munich Re, increased from $166 billion in the previous year.
For years, state Public Lands Commissioner Hilary Franz has pushed legislation to try to get a permanent funding source to fight and prevent fires. She’s failed each time. This year, Franz is back with a comprehensive plan to prevent, protect from and fight wildfires: funding source TBA.
Commercial property policyholders can expect upward pressure on rates and restrictive terms and conditions to continue through 2021, though there are some early signs that the market may be moderating.
A joint proposal from Washington State Insurance Commissioner Mike Kreidler and Governor Jay Inslee to ban insurers' use of credit scores will be heard before the Senate Business, Financial Services & Trade Committee.
All too often, insurance fraud is perceived as a victimless crime. Insurance carriers are pictured as faceless entities. It is assumed these colossal organizations comprised of nameless people can easily afford to have their pockets picked. Although most people know better, it isn’t universally understood.
Combining three COVID-prevention strategies on college campuses — mask-wearing, social distancing and routine testing — are as effective in preventing coronavirus infections as the vaccines approved by the U.S. Food and Drug Administration.
After a record-breaking hurricane season, city planners in Florida focus on best practices to rescue affordable housing, while architects adopt new housing designs for the long-term needs of a changing coastline.
Participants in the National Highway Traffic Safety Administration’s test program use an online tracking tool to provide data on the on-road testing and safety performance of automated driving systems.
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