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September 22, 2022

Headlines

 
 
 
Smoke Alarm
Even parts of the country normally considered “wet” are drying out, with dangerous results.
 
 
A new report from insurance giant Swiss Re finds the flood losses to insured property are jumping drastically and only a fraction of what’s damaged is insured.
 
 

 

Business
 
 
 
The fundraising more than doubled Pie’s total capital raised to over $615 million. The round was led by Centerbridge Partners and Allianz X.
 
 
The world’s largest reinsurers will push for substantial rate increases at Jan. 1, 2023, renewals because they say exposures are increasing and inflation in key markets continues to drive up claims.
 
 
The reinsurance market for cyber liability insurance is stable but is unlikely to grow significantly until more sophisticated underwriting tools are developed to assess the risks, reinsurance leaders say.
 
 
The company is closing down its call center in Chubbuck, ID after the majority of its employees chose to work remotely from home.
 
 
Co-founded by Amazon and Global Optimism in 2019, The Climate Pledge is a commitment to reach net-zero carbon by 2040.
 
85 percent of respondents expect property-cat reinsurance prices for the U.S. and Caribbean markets to rise more than 5% next year.
 
 
The program will provide a variety of tools, resources, skillsets, and funding platforms to address the dynamic and changing needs of agriculture innovation.
 
Floridians now have the highest property-insurance rates in the nation. The average premium of $4,231 is nearly triple the U.S. average of $1,544.
 
 
Florida-based property carriers are extremely reliant on the reinsurance market, making them vulnerable to coming price hikes.
 
Reinsurers’ losses paid to Florida specialists increased more than fourfold in a three-year period despite no significant storms.
 
 

 

Education
 
 
 
"It’s a complicated mess. And right now the environment is akin to a snake den because everybody is just out for themselves."
 
 
Here are the top 10 causes of the most serious disabling workplace injuries.
 
In the United States, he amount of land in harm’s way has surged.
 
 
Tennessee sits on two fault lines, the New Madrid fault line in Western Tennessee and the Eastern Tennessee Seismic Zone.
 
Two years after the devastation from Hurricane Laura, federal aid to help with long-term rebuilding still has not arrived.
 
 

 

Environment
 
 
 
A developing tropical system could spin up into a hurricane in the Gulf of Mexico by the middle of next week, forecasters warned.
 
 
Power is slowly being restored to parts of Puerto Rico after Atlantic storm Fiona clipped the island as a Category 1 hurricane.
 
A powerful storm sweeping north through the Bering Strait caused widespread flooding in several coastal communities.
 
 
Nanmadol is one of the worst typhoons to strike Japan, with flooding and landslides expected.
 
The National Hurricane Center is monitoring two named storms swirling about in the Atlantic.
 
 

 

Innovation
 
 
 
Winemakers are taking matters into their own hands ahead of peak fire season. They are stepping up to fund wildfire sensors with 24/7 monitoring. 
 
 
 
Topics:industry trendswildfirehurricane

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