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July 28, 2022

Headlines

 
 
 
Authorities across southern Europe battle to control huge wildfires in countries including Spain, Greece and France, with hundreds of deaths blamed on soaring temperatures that scientists say are consistent with climate change.
 
 
Aerial assets play a key role in the battle to keep forest and bush blazes at bay. From modified airframes to purpose-built aircraft, we look at what the latest specialist platforms are capable of.
 
 

 

Business
 
 
 
Global insured losses from natural catastrophe events were estimated at $39 billion for the first half of 2022, off 31.6% from the first half of 2021’s $57 billion and 18% higher than the 21st-century average of $33 billion.
 
 
There are about 25,000 policyholders who will be impacted by Bankers Insurance Group’s decision.
 
Florida’s top insurance regulators and the Florida Association of Insurance Agents blasted the financial rating firm.
 
 
Funding for the InsurTech sector held steady in the second quarter of 2022, coming in at roughly $2.4 billion after a sharp downturn in the first quarter.
 
For U.S. property/casualty insurance carriers, the SEC proposal on the disclosure of climate-related risks is a complicated matter.
 
 
Most major lines of commercial insurance experienced quarter-over-quarter increases in average premium renewal rate change.
 
In 2021, Florida’s domestic property insurers spent more than $3 billion on legal defense costs and containment.
 
 

 

Education
 
 
 
Louisianans know what it looks like when a homeowner is at the mercy of their insurance company: the blue-topped roofs, the drywall mounded on the curb.
 
 
From individual sectors to the business world at large, supply chain issues have had a massive impact.
 
On average, the wait has been 4.5 days longer this spring in comparison with the same period last year.
 
 
‘While we are unable to provide a specific date for release, we are working to expedite the release of our ratings ASAP.’
 
Boston firefighters battled a five-alarm fire inside multiple East Boston triple-decker homes, nine hurt. 
 
 

 

Environment
 
 
 
“For some perils, while vendors may have adjusted their views to reflect recent experience, we believe that they have not robustly captured the physics of climate change.”
 
 
Record rainfall caused widespread flash flooding across the St. Louis area, closing multiple roadways and prompting rescues from vehicles.
 
What started as a grass fire in suburban Dallas turned into a devastating blaze, torching 10 to 20 acres. Now, parts of North Texas face “elevated fire danger”.
 
 
Alaska is burning this year in ways rarely or ever seen. So far this year more than 530 wildfires have burned an area the size of Connecticut and the typically worst of the fire season lays ahead.
 
Firefighters finally started to control California’s largest wildfire so far this year, halting its eastward expansion toward nearby Yosemite National Park while thousands remained under evacuation orders.
 
 
 
Topics:fire safetywildfireclimate

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