Go to WSRB
Go to BuildingMetrix
CREATE AN ACCOUNT
LOG IN

About the Company 

Who we are and how we help property insurers and agents throughout the U.S.

CEO Perspective

Engaging thought leadership on key insurance industry issues from our CEO. 

Meet the Team

Get to know the team of property insurance experts at WSRB, our parent company. 

InsuranceEDGE

Keep up with changes in the P&C industry with our weekly newsletter. 


Underwriting Guide to Cannabis & Hemp

An underwriter’s guide to risk and how to protect against it.

BuildingMetrix Blog

Learn about key insurance trends and how data helps you navigate them. 


Agency Guide to Earthquakes

Help your customers understand and be covered for earthquake risk.  

Case Studies

Discover customer success stories powered by BuildingMetrix solutions.


A Guide to Geospatial Technology

Harness the latest tools to achieve your underwriting goals.  

Help Center

Get step-by-step how-to articles on all BuildingMetrix data products. 

August 18, 2022

Headlines

 
 
 
More than 5.7 million acres have burned, already surpassing the 10-year average of 3.6 million acres.
 
 
The administration announced it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires, extreme heat and other problems imposed by climate change.
 
 

 

Business
 
 
 
Insurtech market is drifting back to earth, suggests Gallagher Re’s Johnston.
 
 
Insurers are increasing their scrutiny of the age and condition of commercial building roofs and imposing more restrictive terms under property policies, experts say.
 
 
The second quarter 2022 marked a full five years of premium increases across all lines of commercial insurance business.
 
 
The volume of claims litigation in Florida rose in June then declined in July by almost the same amount. But the share of cases that are assignment-of-benefits claims rose to the highest level since early 2021.
 
 
Weston Property & Casualty Insurance Co. policies in Texas and Louisiana will be canceled after the Florida-based insurer was ordered to end operations.
 
A wildfire mitigation designation program has been established, said Faraz Hedayati, research engineer, Insurance Institute for Business and Home Safety.
 
 
The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021.
 
Florida’s Citizens Property Insurance Corp., created by lawmakers as a last-resort option, has become the largest property insurer in the state.
 
 

 

Education
 
 
 
Only 2.3 percent of households in the 10 Kentucky counties that suffered devastating floods last month have flood policies, records show.
 
 
Across South Texas, this year has proven to be a struggle for farmers and ranchers that rely on rainfall in order to meet their bottom line.
 
 
Gin operators will have to brace for a season of idle equipment as cotton harvest fails due to drought.
 
 
hen a cognitive bias expert gave the keynote address at a Casualty Actuarial Society meeting in May, he called actuaries the unsung heroes and heroines of their property/casualty insurance organizations.
 
 
When building fences and landscaping their properties, homeowners should keep fire safety on the top of their minds.
 
Fire codes in the U.S. do not address how they should be installed and maintained, and little guidance exists to help.
 
 
Banks along parts of the Colorado River where water once streamed are now just caked mud and rock as climate change makes the Western U.S. hotter.
 
Aon announced that its Impact Forecasting team will be collaborating to implement the latest climate change science and research into their wildfire catastrophe model. 
 
 

 

Environment
 
 
 
Casinogoers contended with flooding on the Las Vegas strip for the second time in weeks. Videos showed streets turned to lagoons.
 
 
Vermont farmer Brian Kemp is used to seeing the pastures at Mountain Meadows Farm grow slower in the hot, late summer, but this year the grass is at a standstill.
 
A four-day “extreme heat” warning came into force in parts of England and Wales with temperatures poised to top 35 Celsius in another heatwave.
 
 
The Rhine River’s water level at a key waypoint hit a new low, risking the transit of fuel and other goods.
 
The power of mother nature was captured on video Saturday when flash floods hit the San Bernardino Mountains yet again.
 
 

About InsuranceEDGE

 
 
Topics:industry trendswildfireclimate

About InsuranceEDGE

Get this week’s essential stories from the world of property insurance, curated by WSRB’s industry veterans. Never miss an issue.

IE-earthquake-cta