InsuranceEDGE | BuildingMetrix

InsuranceEDGE | May 5, 2022 | BuildingMetrix

Written by WSRB | May 5, 2022

Headlines

 
 
 
Most states that have legalized marijuana for recreational consumption now take in more tax revenue from pot sales than from alcohol sales, according to a new analysis.
 
 
Firefighters in Central Texas say they are deeply concerned about the potential for devastating wildfires within the next six months, cautioning that, without significant spring rains, the area could see another historic rampage of fires similar to that of 2011. 
 
 

 

Business
 
 
 
This marked the 18th consecutive quarter of increases but was the fifth consecutive quarter in which global pricing moderated since its peak of 22% in the fourth quarter of 2020.
 
 
96% of drivers misunderstood at least one key aspect of their auto insurance policy, and more than half have false assumptions about multiple features of their policy.
 
All major commercial lines of business saw positive first-quarter 2022 premium renewal rate changes, except workers compensation, according to a new report.
 
 
May 23 through May 27 - those are the dates Florida Gov. Ron DeSantis has set aside for a special session of the Florida Legislature.
 
In this edition of Risk Alerts, we highlight underground coal fires, trackers being used as stalking tools, USB drives and more.
 
 

 

Education
 
 
 
Utilities such as Pacific Power, Avista, Idaho Power, Portland General Electric and Puget Sound Energy are either required to submit or are voluntarily submitting wildfire mitigation plans.
 
 
China’s COVID-19 lockdowns, Russia’s invasion of Ukraine and other strains cause even longer delays at ports and drive up costs.
 
The hard drives contained agency files with personally identifiable information of people who have had business with that specific regional office.
 
 

 

Environment
 
 
 
Outdoor water usage will be restricted to just one day a week for about 6 million people in parts of Los Angeles, Ventura and San Bernardino counties.
 
 
Feeding on a drought-parched landscape, the blaze is expected to keep growing in spite of shifting winds.
 
Late spring can bring some welcome changes, as well as some dangerous weather conditions. 
 
 
The top of a water intake pipe at Lake Mead is now sticking up above the water’s surface as the lake level continues to drop.
 
The Southern Nevada Water Authority has turned on its third pumping station, meant for use during a worst-case scenario.
 
 
Southern California’s gigantic water supplier has taken the unprecedented step of requiring about 6 million people to cut their outdoor watering.
 
The tornado that damaged more than more than 1,000 buildings over 13 miles in south-central Kansas generated winds up to 165 mph (266 kph).
 
 

 

Innovation
 
 
 
All vehicles have blind spots, but larger vehicles like heavy-duty trucks have broader areas of blind spots - multi-camera setups can potentially solve this problem.