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June 16, 2022

Headlines

 
 
 
Uncovering federal firearms dealers in your book of business can help you better manage risk and ensure profitability.
 
 
Smoke Alarm
Inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House.
 
 

 

Business
 
 
 
The state-backed Citizens Property Insurance Corp. added about 12,000 policies last week amid continuing fallout of private insurers shutting down or shedding policies.
 
 
Two developments at Citizens Property Insurance Corp. show how tough the Florida market continues to be, even after recent legislative action. 
 
The cyber liability reinsurance market remains restricted, but more capacity is expected to enter the sector, albeit slowly and cautiously.
 
 
U.S. commercial insurance prices increased by 6% overall in the first quarter, around one point lower than the aggregate increase in the fourth quarter of 2021, according to Willis Towers Watson PLC’s latest pricing survey.
 
In addition to predicting greater geopolitical volatility driven by global food and energy insecurity, Chubb’s chief executive warned carriers to brace for greenwashing lawsuits on the horizon against D&O insureds and insurers themselves.
 
 

 

Education
 
 
 
Pacific Gas & Electric this week pleaded not guilty to involuntary manslaughter and other charges it faces after its equipment sparked a wildfire. 
 
 
On May 19, 2022, the Ninth Circuit Court of Appeals issued an unexpected ruling that hemp-derived delta-8 THC falls within the definition of “hemp” under the 2018 Farm Bill. The Court’s decision in AK Futures LLC v. Boyd St. Distro, LLC, No. 21-56133, 2022 U.S. App. LEXIS 13526, affirmed a...
 
 
In this edition of Risk Alerts: the shifting gun liability landscape, outdated building codes, the possibility of a Cat 6 hurricane., and how copycat packaging is leading to accidental THC ingestion—especially in children.
 
 
The Hartford and other large carriers are competing in a technology arms race that may leave small, regional companies behind.
 
 

 

Environment
 
 
 
This year the Portland/Vancouver metro area has seen a lot more rainfall than it did last year in 2021. However, firefighters warn, looks can be deceiving, especially when it comes to fighting wildfires.
 
 
New Mexico’s governor says the destruction caused by the largest wildfire burning in the U.S. has been devastating for thousands of residents.
 
Western Wildfires Force Evacuations in AZ, CA
Roughly 2,500 homes have been evacuated because of two wildfires burning on the outskirts of Flagstaff in northern Arizona, officials said.
 
 

 

Innovation
 
 
 
As the auto industry enters an era where cars are increasingly relying on the internet to operate, some experts say that the shift to autonomy may pose greater cybersecurity risks.
 
 
Artificial intelligence developed at NCAR in Boulder is allowing scientists to identify the locations and amounts of dead or dying trees and vegetation in Colorado forests, which burn quickly and, therefore, cause wildfires to spread faster.
 
 
 
Topics:cannabisfirearmseconomy

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