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August 5, 2021 Edition

Headlines

 
 
 
With wildfires across the West spreading faster and wreaking more destruction, once-obscure policy battles between firefighting agencies are coming under public scrutiny.
 
 
The crippling ransomware attack against the Colonial Pipeline in the U.S. in May should be a wake-up call for the shipping industry, according to a new report.
 
 

 

Business
 
 
 
Good news: The world economy is on the path to a strong recovery following the COVID-19 crisis, according to a new report that also forecast that global insurance premiums will approach the $7 trillion mark by the end of 2022.
 
 
The price increase was significantly lower than the previous quarters' increases, which reached 46.6% in the fourth quarter of 2020 and 30% in the first quarter of 2021. 
 
Six reinsurers recently reported financial results showing a strong return to profits after last year’s challenging market conditions. Learn how they achieved these results. 
 
 

 

Education
 
 
 
New cars will be required to have technology to detect drunk drivers and a system to keep children from being accidentally left in vehicles on hot days.
 
 
After a Northern California prosecutor said that criminal charges may be filed in last year’s Zogg Fire, the utility argued it had already resolved civil claims with the affected county.
 
 
Flames aren't the only way wildfires spread. Embers, also known as firebrands, can travel miles through the wind and ignite fires in and around structures.
 
 

 

Environment
 
 
 
With more than 95% of the Western U.S. in drought, combined with a month's stretch of above-normal temperatures, the outlook shows fire season prospects looking grim.
 
 

 

Innovation
 
 
 
The alcohol sensing technology is designed to detect blood alcohol levels by sampling the air or examining the driver's finger when starting the ignition. The technology could be ready to install in vehicles in a few years.
 
Bans on hand-held cellphone use while driving prevent nearly 14,000 serious injuries and 140 driver fatalities each year in the U.S., lowering the overall death toll by an estimated 7%. 
 
 
The sector has emerged as a key battleground in the development of automated driving.
 
It's less weird than you think, and your visit may or may not include a unicorn pool toy.
 
 

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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