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December 15, 2022


Presenting the history of firefighting in Washington state, offered to you in 12 bite-sized visual history lessons.
Astronomical jury verdicts, AI deep fakes, seemingly unending numbers of claims seeking compensation for coronavirus business shutdowns — more than a few industry lawyers spent sleepless nights beating back litigation that targeted the very core of the industry’s stability.


As a whole, the outlook for the U.S. commercial lines segment continues to be stable, according to AM Best, but the industry rating agency had some warnings in its latest report.
With the exception of directors & officers liability and workers compensation, nearly all lines of business in the U.S. continued to see rate increases in the third quarter of 2022.
Allstate's chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year and expects State Farm to do the same.
A Florida Senate Committee spent about two hours reviewing a sweeping property insurance reform bill before approving it along party lines.
AM Best predicts that  "without immediate and substantive long-term legislative reforms," further insurer insolvencies are on the near-term horizon.


In the foreseeable future, all information about everything will be available instantly and at zero cost, a reality which will have profound implications for insurers.
The holiday season is a time to bring tidings of great joy, but too much mirth and merriment can result in overindulged drivers hitting the road. Nearly 40% of fatal car accidents on holidays involved a drunk driver in 2020.
A ruptured pipe dumped enough oil this week into a northeastern Kansas creek to nearly fill an Olympic-sized swimming pool, becoming the largest onshore crude pipeline spill in nine years and the largest on the Keystone Pipeline.
These survey results are based on responses from more than 4,100 current U.S. residents.
Production decreases are in part a reflection of twin hurricanes that battered growing regions.
With the population growing and major metro areas continuing to develop housing along the edges of wildland-urban interfaces (WUI), homes and businesses are increasingly exposed to fire risk.
“Your home insurance policy covers many natural disasters and weather events, including wind, hail, lightning strikes and wildfires. However, it does not cover damage caused by floods or earthquakes."


The Southwest's next source of water might be gurgling through the sewage pipes under this corner of Los Angeles County, an untapped stream in a Colorado River Basin that is otherwise tapped out.
Researchers from the University of Vermont found that over the past decade, Americans have moved out of some areas prone to scorching summer heat waves and hurricanes.
Supershear earthquakes occur when a fault ruptures faster than seismic shear waves can travel through rock; the events were thought to be rare but that thinking is changing.

About InsuranceEDGE



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Topics:industry trendsweather-related risknew year

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