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May 6, 2021 Edition

Headlines
 
 
 
Washington residents have a new tool to help keep them safe when an earthquake strikes, thanks to the launch of the ShakeAlert Earthquake Early Warning System. ShakeAlert sends residents a mobile-phone alert, providing valuable seconds of warning to take cover before the shaking from an earthquake reaches their location.
 
 
It's shaping up to be a bad wildfire season in the state of Washington. Since most wildfires are caused by human negligence, humans play a key role in preventing wildfires from starting. Here are things to remember to minimize wildfire danger when you're enjoying the outdoors. 
 
 
Business
 
 
 
To effectively respond to the growing ransomware threat, international diplomatic and law-enforcement agencies need to coordinate their efforts and implement tactics that dissuade nation-states from providing safe havens to criminals, says a new report.
 
 
Global commercial insurance prices increased in the first quarter of 2021 for the 14th consecutive quarter. The size of the increase, 18%, was lower than the previous quarter's 22%, indicating a potential slowing of rate rises.
 
Property catastrophe bond limit placed in the first quarter 2021 declined 31.5% to $2.57 billion compared with the first quarter of 2020. First quarter 2021 was still the third-highest, first-quarter issuance over the past 10 years. 
 
 
Record premiums haven't been enough to reverse U.S. directors and officers insurers' underwriting losses, and the sector will still lose money in the near term as a result, says a new report.
 
The management liability marketplace is facing significant challenges related to the COVID-19 pandemic but will benefit from the increased capacity entering the market, a broker executive says.
 
 
Education
 
 
 
Volunteer firefighters — who comprise more than 65% of the U.S. fire service — have higher levels of “forever chemicals” in their bodies than the general public. These chemicals are associated with numerous health conditions, and increasing evidence links them to cancer.
 
 
Arson is a serious, widespread crime that causes significant property damage and causes numerous injuries and deaths each year. The good news is that there’s more you can do to help prevent arson and protect property and lives than you might realize.
 
 
Each year, approximately 358,500 homes in the U.S. have a structural fire, leading to 3,000 deaths. Many people struggle to escape these fires, making residential fire sprinkler systems a key potential solution. 
 
 
Nearly half of auto insurance customers have shopped around for new policies during the coronavirus pandemic, but few cared about specific brands, according to a new study.
 
 
Environment
 
 
 
Earthquakes can be like Jell-O. A simple, yet often used analogy is that if you're sitting in a valley or basin, it acts like a bowl of Jell-O, and it will shake more than surrounding rock. But not all earthquakes are created equal, and the ground you walk on can make all the difference.
 
 
Innovation
 
 
 
New Federal Aviation Administration rules are expected to clear the way for expanded commercial use of drones, which more insurers are using to p assess property damage.
 
 

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