InsuranceEDGE | BuildingMetrix

InsuranceEDGE | May 12, 2022 | BuildingMetrix

Written by WSRB | May 12, 2022

Headlines

 
 
 
Residents in parts of three counties were told to prepare to evacuate as the massive blaze moved north.
 
 
The Interior Department announced that it will delay a planned release of water from Lake Powell as a measure against a drought that has plunged the reservoir’s water to unprecedented levels.
 
 

 

Business
 
 
 
Only 30% of insured homeowners have purchased more insurance or increased coverage limits to compensate for rising building costs.
 
 
Virginia-based direct-to-consumer personal lines insurer Elephant Insurance reports that it experienced a cyber incident beginning in late March.
 
 

 

Education
 
 
 
Employers are dropping drug testing requirements as more and more employees are testing positive for marijuana and other substances.
 
 
In recent years, as catastrophic megafires have become commonplace throughout the West, state and federal agencies have pushed hard to bring prescribed fires back.
 
A bird flu virus that’s sweeping across the U.S. is rapidly becoming the country’s worst outbreak, having already killed over 37 million chickens.
 
 
Private sector ‘headhunting our people,’ union official says.
 
The new legislation would put local groundwater agencies in charge of permits.
 
 

 

Environment
 
 
 
Firefighters are preparing for what could be “the absolute worst” fire season this year.
 
 
This spring, the state’s two largest reservoirs are already at “critically low” levels.
 
New and severe water restrictions will soon be placed on Los Angeles Department of Water and Power customers.
 
 
National Hurricane Center in Miami is tracking the first tropical wave of 2022 off the coast of Africa. 
 
The U.S. has in store an “above-normal” wildfire season if predictions from fire weather experts hold true.
 
 
The storms and floods that hit South-East Queensland and coastal New South Wales in February and March are likely to be Australia’s costliest floods.
 
The Electric Reliability Council of Texas (ERCOT), which operates the grid for most of the state, said demand rose to 70,703 megawatts (MW).
 
 

 

Innovation
 
 
 
Those tasked with preventing and battling wildfires could soon have a new tool to add to their arsenal: artificial intelligence. And space.
 
 
Increased use of drone technology to perform standard farming tasks, such as spraying crops with pesticides and fertilizer, is driving growth in this sector.