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June 30, 2022

Headlines

 
 
Smoke Alarm
The skies over a scattering of Western U.S. cities will stay dark for the third consecutive Fourth of July as some major fireworks displays are canceled.
 
 

 
Consumers, already grappling with 40-year high inflation, will get squeezed again with home and auto-renewal insurance rates set to rise sharply.
 
 

 

Business
 
 
 
The cost of buying insurance protection against mass shootings has spiked more than 10 percent in the United States this year following a string of deadly events, insurers said.
 
 
Heat waves and drought gripping California highlight the urgency to slash fossil fuel use and remove planet-warming emissions from the air.
 
U.S. Senate Banking, Housing, and Urban Affairs Committee held a hearing to discuss legislative proposals to reform the FEMA National Flood Insurance Program.
 
 
Florida insurers may have another weapon in the war over assignments of benefits in insurance claims, thanks to an appeals court ruling.
 
A report from the Insurance Information Institute confirms what many homeowners have suspected: Their insurance premiums are some of the highest in the U.S.
 
 

 

Education
 
 
 
Washington Insurance Commissioner Mike Kriedler has refused to leave his post despite calls for his resignation by leaders from both parties. 
 
 
A first-in-the-nation law that enables private citizens to sue manufacturers of “dangerous” firearms passed on Monday in the Assembly.
 
The move comes days after the U.S. Supreme Court allowed more people to carry concealed weapons.
 
 
The quality of vehicles sold in the United States fell to a 36-year low in 2022, according to automotive consultant J.D. Power.
 
Douglas Ritchie was the pilot of a DNR-contracted helicopter that crashed when he was taking off on a resupply mission at the Clear Fire in Interior Alaska.
 
 

 

Environment
 
 
 
Wildfire risk has reached the point that insurers are offering lower limits at higher premiums. Risk mitigation is at its own premium.
 
 
With cities seeing more intense rainfall events, communities are looking toward innovative flood management projects.
 
The Grant County Sheriff’s Office says they are concerned with the Fourth of July weekend coming up.
 
 
The National Hurricane Center is monitoring a tropical wave over the tropical Atlantic that could form into a depression during the next couple of days.
 
Bill Whitaker talks to Orange County Fire Chief Brian Fennessy about the largest helicopter to ever fight fires and how it can fight fires at night.
 
 

 

Innovation
 
 
 
The much-heralded digital transformation in the insurance industry is well underway, but is it making the right impact?
 
 
Insurtechs bent on disrupting the insurance industry haven’t succeeded so far, but a future wave of insurtechs might emerge to accomplish a similar goal.
 
 
 
Topics:holidaysweather-related riskfirearms

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