InsuranceEDGE | February 24, 2022 | BuildingMetrix

Though the challenges related to risk concentration management seem daunting, they can be easily overcome by better understanding your concentration of risk.

Less than a year after Washington committed $328 million toward reducing the impacts of climate-charged catastrophic wildfire and improving forest health, the U.S. Forest Service announced a plan liable to supercharge that effort.

Brokers are the clear winners as much of the industry continues to struggle.

The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial auto claims over a decade.

Insurance experts and data scientists explore best practices, types of changes insurers should look for, and data that helps underwriters understand potential problems before they arise.

Researchers are trying to sound the alarm about the danger rising seas could pose to coastal buildings.

Laboratory testing of a second commercial flock of turkeys in Greene County has come back as presumptively positive for the virus, the Indiana State Board of Animal Health said.

The best cars on the road are largely made by Japanese automakers, according to the latest Brand Report Card rankings from Consumer Reports.

The blast occurred while fire crews were battling the blaze Sunday at the single-story structure in Anaheim, fire officials said.

According to authorities, the fire started in the median of I-40 and spread from there. Hundreds of buildings were protected by several organizations.

America’s coastline will see sea levels rise in the next 30 years by as much as they did in the entire 20th century.

More than 14.5 million single and multi-family homes were affected by natural disaster events last year. There was an estimated $56.92 billion in property damage.

Both Democrats and Republicans have sponsored legislation to better mitigate the risks. These efforts deserve bipartisan support.

The U.S. Forest Service has awarded $640 million in multi-year wildland firefighting contracts to eight Oregon forestry companies.

A wildfire near Bishop, California, is only partially contained, however evacuation orders have been lifted.

The economic and insured losses the US has incurred from natural calamities last year were significantly above the country’s long-term average.