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April 1, 2021 Edition

Headlines
 
 
 
Legislation introduced in Congress earlier this month would allow insurers to cover cannabis businesses in many states without the threat of federal penalties. The bill would provide relief for the sector and has a good chance of passing, experts say.
 
 
Defending structures while fighting wildfires in the Wildland-Urban Interface (WUI) presents many dangers. To protect themselves and work effectively, firefighters must be prepared to change tactics when necessary. In this first-hand account, an experienced wildland firefighter explains how to make the most of WUI firefighting methods.
 
 

 

Business
 
 
 
The most recent tallies of financial results by rating agency analysts reveal that the property-and-casualty insurance industry weathered the storms of catastrophe losses and COVID-19, with one segment actually reporting better combined ratios and higher income than in 2019.
 
 
Despite continued robust agency mergers and acquisitions activity, the number of independent insurance agencies has remained almost stable at 36,000, which industry experts see as good news for the independent agency system.
 
A planned executive order would require many software vendors to disclose cybersecurity breaches to federal government customers. The order could be released as early as next week. 
 
 

 

Education
 
 
 
Data security and privacy remains the top concern of technology companies, according to a new global survey. Digital business interruption and information technology resilience were also high on the list, with COVID-19-related risks taking eighth place. 
 
 
Learn how to share your input so we create data products that make property underwriting or growing your insurance agency more effective and more efficient.
 
 
The exhibition features a map of all the unreinforced masonry buildings - those that are prone to severe earthquake damage - in the city of Seattle, as well as case studies from different cities laying out the upgrades necessary to keep vastly different buildings viable.
 
 

 

Environment
 
 
 
After getting off to a relatively quiet start, tornado season in the United States is picking up steam, with experts predicting that conditions are ripe for a supercharged storm season. The forecast is being driven by a strong La Niña, a naturally occurring climate pattern that creates favorable storm conditions and is associated with severe tornado outbreaks.
 
 

 

Innovation
 
 
 
If self-driving cars deliver on their promise to reduce the number and severity of crashes, the costs and risks traditionally associated with driving could fall dramatically. As liabilities and risks shift, how vehicles are insured and the costs of that insurance will change, disrupting a $300 billion industry and creating opportunities for innovation.
 
 

About InsuranceEDGE

 

 

Curated weekly by BuildingMetrix experts,  InsuranceEDGE helps you work smarter. You don't want to miss an issue. Get InsuranceEDGE delivered to your inbox every Thursday. BuildingMetrix is a WSRB company. 
 
 
 

 

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About InsuranceEDGE

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