Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.
Stormy Weather
As storms in the east abate, California prepares for another bout of potentially destructive storms this week. Plus, an interactive look at how Hurricane Ian devastated Florida region by region, courtesy of USA Today.
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The Cost of Still Using Spreadsheets
In today’s complex risk landscape, spreadsheets can no longer carry their weight. They create administrative burdens and introduce the possibility of human error.
Read more at Insurance Thought Leadership
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Winter Storm Elliott Insured Losses Close To $5.4B
The “once-in-a-generation” storm was characterized by an extratropical cyclone that created record-cold temperatures, blizzard conditions, and high winds that impacted most of the country.
Read more at PropertyCasualty360
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The 2023 Commercial P&C Market
Increasingly impactful weather losses, as well as continuing supply chain issues and a larger focus on ESG risks, will affect the insurance market in the coming year.
Read more at PropertyCasualty360
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Vista Equity to Buy Duck Creek
Insurance software provider Duck Creek has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of about $2.6 billion.
Read more at Carrier Management
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Citizens Premium Volume Doubles
Florida’s so-called insurer of last resort hit a new milestone for the number of Floridians it serves, citing “continued instability” as the cause.
Read more at WFLA |
Strong Storms Batter CA Levees
State officials have warned that rural areas are the most at risk of flooding because the levees that protect them aren’t built to the same standards.
Read more at Insurance Journal
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The Weather Extremes of 2022
Costly weather disasters kept raining down on America last year, pounding the nation with 18 climate extremes that caused at least $1 billion in damage each.
Read more at Yahoo |
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Hurricane Ian's Deadly Path
A visual look at how the hurricane, one of the most powerful storms ever to hit the U.S., devastated Florida region by region.
Read more at USA Today |
CA Warns About Denying Claims
The California Dept. of Insurance has sent a notice stating that insurance companies should not deny storm-related claims before undertaking diligent investigations.
Read more at PropertyCasualty360
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Volunteer Fire Dept. Paying Drivers
With fewer volunteers signing up to help, the company knew it needed to ensure someone was available to answer the call.
Read more at WGA |
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WA Schools Sue Over Social Media
The public school district in Seattle has filed a novel lawsuit against the tech giants behind TikTok, Instagram, Facebook, YouTube, and Snapchat.
Read more at Insurance Journal
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