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December 9, 2021 Edition

Headlines
 
 
 
Smoke Alarm
Learn how new UL standards for smoke detectors will help prevent false alarms caused by cooking and keep people safer.
 
 
A.M. Best & Co. Inc. said it has revised its outlook for the U.S. commercial lines insurance segment from negative to stable, citing favorable COVID-19 business interruption rulings for insurers among other factors.
 
 

 

Business
 
 
 
Catastrophe reinsurance rates will likely rise by more than 10% during year-end renewals, rating agency Fitch Ratings Inc. says.
 
 
Even with a $43 million premises liability verdict against CVS Pharmacies, the company is unlikely to make major improvements.
 
 
The strategy involves requiring homeowners to sign what’s called a “Direction to Pay,” and it gives contractors the right to bill insurance companies directly for their repair services.
 
 
Data from the latest Reinsurance News market survey shows that protection buyers are planning to purchase more reinsurance and retrocession next year.
 
 

 

Education
 
 
 
The San Francisco Municipal Transportation Agency (SFMTA) tested traffic interventions aimed to reduce unsafe left turns at seven high-crash test intersections - it found a 17% reduction in average speed and a 71% reduction in cars turning left at higher speeds than 15 mph.
 
 

 

Environment
 
 
 
New results show North Atlantic hurricanes have increased in frequency over the last 150 years. However, scientists have questioned whether this upward trend is a reflection of reality, or simply an artifact of lopsided record-keeping.
 
 
Proposed developments in Conifer and Colorado Springs, CO have raised concern over wildfire preparedness as fires become more intense and the state continues to grow.
 
 

 

Innovation
 
 
 
Self-driving tech startup Nuro said on Wednesday it was rolling out California's first commercial autonomous delivery service in partnership with 7-Eleven.
 
 

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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Topics:industry trendsfire safetyweather-related risk

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