Go to WSRB
Go to BuildingMetrix
CREATE AN ACCOUNT
LOG IN

About the Company 

Who we are and how we help property insurers and agents throughout the U.S.

CEO Perspective

Engaging thought leadership on key insurance industry issues from our CEO 

Meet the Team

Get to know the team of property insurance experts at WSRB, our parent company 

InsuranceEDGE

Keep up with changes in the P&C industry with our weekly newsletter. 

Help Center

Get step-by-step how-to articles on all BuildingMetrix data products. 

BuildingMetrix Blog

Learn about key insurance trends and how data helps you navigate them. 

Case Studies

Discover customer success stories powered by BuildingMetrix solutions.

 

November 18, 2021 Edition

Headlines
 
 
 
The U.S. Coast Guard used two helicopters to rescue campers from rising waters at an RV park on the Oregon Coast Friday, mudslides shut down roads and a woman was plucked from a swollen river as a second day of heavy rains and flooding pummeled the Pacific Northwest.
 
 
Private workers compensation insurer net written premium decreased 9.5% to $38 billion in 2020, according to the National Council on Compensation Insurance.
 
 

 

Business
 
 
 
Hedge funds, private equity and sovereign wealth funds are piling billions into the outcome of high stakes court cases at a faster rate than ever before.
 
 
Commercial insurance buyers in North America should see relief from the hard market next year with a few lines seeing flat renewals or even decreases, according to a report from Willis Towers Watson PLC.
 
U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24.3 billion the year before, as the country continued to recover from COVID-19’s economic disruption.
 
 
A majority of the expected $300 million or more in damages from a severe weather outbreak in the southern plains and Midwest Oct. 10-11 was covered by public and private insurers. The storms brought damaging winds, tornadoes and large hail.
 
Despite several years of price increases and corrective underwriting actions, the sector’s combined ratio for commercial auto has not been below 100.0 since 2010, according to Best’s Market report.
 
 

 

Education
 
 
 
Oregon will likely file a claim on its one-of-a-kind wildfire insurance policy with Lloyd's of London. The policy will help pay for fighting fires that burned 225,007 acres of the 16 million acres protected by ODF.
 
 
 
Jury awards exceeding $10 million, known as nuclear verdicts, are on the rise in the trucking industry – and those decisions are making it tougher for transportation companies to stay in business.
 
 
To find out which states have the most and least expensive home insurance premiums, financial services company Bankrate gathered and analyzed 2021 rates for all zip codes and carriers.
 
 

 

Environment
 
 
 
Even as evidence mounts that prescribed burns are effective in reducing wildfire risk, the U.S. Forest Service and other agencies are falling behind.
 
 
Climate change hasn’t increased the frequency of hurricanes in the North Atlantic, but has increased the proportion of major storms — those that reach Category 3 to 5 intensity on the Saffir-Simpson scale.
 
 
As droughts across the U.S. result in large losses, leading some to question whether sustainable growing practices are needed.
 
 

 

Innovation
 
 
 
Insurtech funding reached $5.3 billion in the third quarter of 2021 and has surpassed $15 billion for the year, according to a report Wednesday from Forrester Research Inc.
 
 

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. 
 
 
 

 

 Share this edition of InsuranceEDGE
 
 
 

About InsuranceEDGE

Get this week’s essential stories from the world of property insurance, curated by WSRB’s industry veterans. Never miss an issue.

IE-earthquake-cta