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.


A Guide to Wildfire Risk

Everything you need to know about managing this growing risk.

October 13, 2022

Headlines

 
 
 
Whether your house is in an area prone to hurricanes, tornadoes, flooding, hail, or wildfires, it's important to know what your insurance covers or excludes.
 
 

 

Business
 
 
 
The IIS's Global Priorities Survey found that the percentage of executives saying that geopolitical conflicts are a top priority soared from 5% in 2021 to 42% in 2022.
 
 
A US Treasury Department request for public input on a potential federal cyber insurance program highlights a coverage gap for US companies as insurers reduce offerings.
 
 
The waters have receded, but the stink lingers. As Emma Reynolds Ezell surveys the damage that a night of 100-mile-per-hour winds wrought on her orange groves, she just can't get over the stench. It's nothing like the usual sweet citrus scent that drifts on the breeze.
 
 
The shuttering of a state agency that was created to manage growth in Florida's vulnerable coastal areas may have helped fuel the steady development that during Hurricane Ian resulted in some of the largest insured property losses in state history.
 
 
The rate hike for residential property insurance policies was a move the insurance department blamed on the rising costs of reinsurance.
 
Consumers didn't shop as much for homeowners and auto insurance in the second quarter of 2022 amid fewer home and auto sales.
 
 
The composite rates for both commercial and personal lines rose in the third quarter, according to new data from MarketScout.
 
Property and casualty insurance providers across the country wrote more than $797 billion in premiums in 2021.
 
 
The downgrade of one of Tower Hill's insurance companies has led to new speculation that they could be the next insurer to falter in FL.
 
Major manufacturers and sellers of products containing PFAS have already been the subject of state-driven litigation and class action lawsuits.
 
 

 

Education
 
 
 
It was not that long ago that Floridians were dealing with a two-year red tide event following Hurricane Irma where mounds of dead fish lined the west Florida beaches.
 
 
The efforts to clean up the debris and garbage from Hurricane Ian are ongoing in Lee and Collier counties. 
 
RMS published a $53-$74 billion estimate of the range of losses coming to private market insurers from Hurricane Ian.
 
 
Damaged infrastructure created new obstacles for claims adjusters responding to Hurricane Ian.
 
The number of claims filed continues to rise with estimated insured losses of over $4.2 billion.
 
 
Across Florida, Hurricane Ian trampled through about 4 million acres of farmland, according to the latest figures from the Agriculture Department.
 
Two stretches of the southern Mississippi River were reopened to commercial traffic after dredging operations deepened the shipping channel.
 
 
Lloyd’s of London is investigating a possible cyber attack and has taken initial precautions in response.
 
Lloyd's of London recently said that their investigation into a possible cyberattack had found no evidence of data compromise. 
 
 

 

Environment
 
 
 
The California Geological Survey has released updated tsunami hazard maps for seven counties to help users determine whether they are in areas at risk for inundation and for planning. 
 
 

 

Innovation
 
 
 
Drivers using advanced driver assistance systems like Tesla (TSLA.O) Autopilot or General Motors (GM.N) Super Cruise often treat their vehicles as fully self-driving despite warnings, a new study has found.
 
 
 
Topics:industry trendspolitical riskhurricane

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