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November 10, 2022

Headlines

 
 
 
In recent years, e-cigarette and vape usage has exploded in the United States; vape-associated risk has grown alongside this boom in popularity.
 
 
Voters approved recreational marijuana in Maryland and Missouri but rejected it in two other states, signaling support gradually growing for legalization even in conservative parts of the country.
 
 

 

Business
 
 
 
Berkshire Hathaway's insurance business recorded an after-tax underwriting loss of $962 million (a pre-tax loss of $1.15 billion) in the third quarter, a decrease of $178 million from 2021.
 
 
As the Florida Legislature prepares for its 2nd Special Session on property insurance in 2022, it's time we examine why our market sputtered out of control and discuss the necessary solutions to fix it.
 
 
One of the largest providers of reinsurance for Florida carriers is predicting major increases in rates next year, a move that could add fuel to the fire for a reform package at the upcoming special session of the Florida Legislature.
 
 
State Farm Mutual Automobile Insurance has filed a lawsuit in a Delaware federal court, accusing the digital retail giant Amazon.com of stealing proprietary technology. 
 
 
The insurance sector could help increase cyber resilience by tackling the cyber talent shortage, using standardized data, and identifying new sources of capital. 
 
The data represents between 88 million to 91 million homes across all 50 states and Washington DC, showing trends by peril for severity, frequency, and location.
 
 
On the heels of a third quarter, leaders at Markel Corp. recently reflected on their recent earnings and examined how current events are shaping their future approach.
 
Researchers at North Carolina State University have added their voices to the growing number of people who say that federal flood maps are inadequate.
 
 
The company said it recorded a third-quarter net loss applicable to common shareholders of $694 million compared to net income of $508 million a year ago.
 
"We expect the average increases to escalate after Ian, starting in 2023, where increases over 40% or more could be very common across the state, on average."
 
 

 

Education
 
 
 
Farmers Insurance Exchange has announced that it has signed onto United Nations Environment Programme Finance Initiative's Principles for Sustainable Insurance (PSI), an international framework for the insurance industry.
 
 
Missouri Department of Commerce and Industry released a statement expressing renewed concern about the lack of earthquake coverage in the 150-mile-long New Madrid Seismic Zone. 
 
Homeowners in hurricane-prone coastal states and around the US believe severe weather is increasing and that their property is at growing risk from weather events.
 
 
Approximately 10,000 structures upstream from the Addicks and Barker dams were inundated during the storm.
 
Clearsurance's full list of the top 10 most expensive states for insuring a $200,000 home and their average rates.
 
 
For hydrant operations, firefighters must understand the capabilities and limitations of the supply hoselines as well as the water main system that is supplying the hydrants, not to mention the hydrants themselves.  
 
Pacific Gas & Electric Co. leaders came to Atlas Peak and described steps the utility is taking to avoid sparking more Napa County wildfires, such as burying 55 miles of power lines by 2024. 
 
 
Wildfires may seem unpredictable, leaving random ruin in their wake. CSU engineers have developed a model that can predict how wildfire will impact a community.
 
In an Executive Order, California Gov. Gavin Newsom directed all agencies of state government to double down on their efforts to address climate change. 
 
 

 

Environment
 
 
 
Residents in southeastern Oklahoma and northeastern Texas began assessing weather damage, working to recover and thankful to have survived after a storm stretching from Dallas to northwest Arkansas spawned tornadoes and produced flash flooding, killing at least one.
 
 
Unless there's an increase in expected precipitation this fall and winter, the state will be in for more of the same in 2023.
 
This data is the final measure of damage from Hurricane Ida, which struck the state on August 29, 2021.
 
 
 
Topics:industry trendscannabisvape

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