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June 2, 2022

Headlines

 
 
 
Earthquakes are caused by faults in the earth. Let’s explore where faults come from, how we can locate them and how they are related to earthquakes.
 
 
Smoke Alarm
NOAA joins Colorado State University and AccuWeather in forecasting an active hurricane season, with up to 21 named storms and six major hurricanes.
 
 

 

Business
 
 
 
When the session was announced Senator Jeff Brandes was hopeful it meant meaningful legislation was ahead, but as he said some of the changes that are coming are too little, too late.
 
 
“Congress has been kicking the can down the road.”
 
The capacity for cyber insurance may be decreasing while demand is increasing.
 
 
Reinsurers in the United States reported premium growth of more than 20% in the first quarter.
 
Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020.
 
 
Commercial insurance premiums increased by 6.6% in the first quarter of 2022, more than two percentage points lower than the average increase in the Q4 of 2021.
 
Two more property insurers did not wait around to see what help the just-concluded special session of the Legislature may provide.
 
 

 

Education
 
 
 
An 18-year-old gunman stormed a Texas elementary school on Tuesday and killed 19 children and two teachers, reigniting a debate in the United States over gun control.
 
 
Residents across Southern California will have to limit how much they water their yards under new restrictions.
 
Florida will require statewide recertification of condominiums over three stories tall under new legislation.
 
 
The Workers’ Compensation Insurance Rating Bureau of California issued released its quarterly experience report.
 
Verizon released its 15th annual report on data breaches last week, finding that ransomware attacks increased by 13%.
 
 

 

Environment
 
 
 
These bills will help stabilize a problematic market and help Floridians harden their homes against hurricanes and other weather events through the My Safe Florida Home Program.
 
 
Hurricane Agatha made landfall in Mexico’s Oaxaca state in what’s expected to be the strongest May storm to hit the eastern Pacific.
 
Crews were making progress in stopping the nation’s largest active wildfire from spreading on the fourth straight day of warnings of extreme fire.
 
 
The remnants of Hurricane Agatha from the Pacific Ocean may reform into a tropical depression and bring rainy weather.
 
So much for the wet season. California’s paltry winter and spring precipitation spells major concerns for the ongoing drought.
 
 

About InsuranceEDGE

 

 

Curated weekly by BuildingMetrix experts,  InsuranceEDGE helps you work smarter. You don't want to miss an issue. Get InsuranceEDGE delivered to your inbox every Thursday. BuildingMetrix is a WSRB company. 
 
 
 
 
Topics:weather-related riskearthquakehurricane

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