Severe drought and soaring temperatures are not the only evidence that Californians should be worried about wildfires this year. Insurers who will pay for losses from fires are increasingly forking over sizable sums of money for better fire modeling to try and cut losses.
Over the next 15 years, half of the current insurance industry workforce is expected to retire, leaving over 400,000 open positions unfilled industrywide. Recruitment, retention and technological advances will all play a role in easing the transition.
If your property was affected by a 100-year flood, you might think you won't see another one like it for 99 years. But it just doesn’t work that way. To understand flood risk, you need to think longer term.
The water in Lake Oroville, California's second-largest reservoir, can power up to 800,000 homes when operating at full capacity. Now, the power plant will likely shut down due to alarmingly low water levels.
With wildfires raging more uncontrollably in the West than they have in the past, experts say it’s time to change the way we fight them. The battle now starts at home, where people live, before a spark ever ignites a flame in a nearby forest or brush.
A small number of startups are applying 3D printing to home construction, arguing that it’s faster, cheaper and more sustainable than traditional construction and could help reduce supply shortages and evictions, lower prices and address homelessness.
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.