InsuranceEDGE | March 10, 2022 | BuildingMetrix

Blockchain technology has made its way into the insurance space. From its capabilities to the potential risks, here’s everything to know.

Farmers in central California will be getting little to no water again from a key water system amid a persisting drought. The Bureau of Reclamation said last week it will not be able to provide some farmers with water - exactly how farmers will be affected may vary. 

While net premiums written rose 9.2% to $690.7 million for the group of insurers included in A.M. Best Co. Inc’s data, losses and loss adjustment expense increased 11.7% to $483.8 million and underwriting expenses grew 5.4% to $182.0 million.

Directors and officers liability insurance premium rate hikes have not had the anticipated impacts on loss ratios that carriers had hoped for.

U.S. commercial insurance prices rose more than 7% in the fourth quarter, which was the same percentage of increase seen in the third quarter, Willis Towers Watson PLC said in a survey.

The number of Canadians who rent out part of their home has seen a small uptick during the pandemic, and a new survey found that many homeowners who rent out aren’t telling their insurance company.

US Insurers — hammered by extraordinary losses caused by natural disasters — are failing to raise premiums at a pace equal to the rate of inflation.

Avian influenza has been detected in a sixth commercial poultry flock in southern Indiana. The samples are being verified at the U.S. Department of Agriculture’s National Veterinary Services Laboratory in Iowa.

Researchers have used artificial intelligence to predict where flood damage is likely to happen in the continental United States. The findings suggest that recent flood maps from the Federal Emergency Management Agency do not capture the full extent of flood risk.

A rising amount of litigation tied to the environmental and health impacts of greenhouse gas emissions prompts this question: is it about climate liability or the liability climate?

Crews were sent approximately 4.5 miles southwest of Concho in Apache County to address a human-caused, wind-driven fire.

The Jim Fire had charred 553 acres of chaparral and brush on the steep slopes of the Santa Ana Mountains northeast of the Orange County community of Rancho Santa Margarita.