Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.
Water on the Brain
After weeks of intense storms, California begins to recover. Though rainfall may seem to be a blessing in the drought-ridden region, the reality is much different: flood damage, mudslides, and billions of gallons lost to the ocean.
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Top 4 Business Risks Keeping Executives Up at Night
QBE’s 2022 Mid-Sized Company Risk Report found that companies are more anxious about today’s business environment than they were in 2020.
Read more at Risk & Insurance
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California Is Watching Water Wash Out to Sea
in a state that is weathering a crippling, multiyear drought, much larger streams of water — estimated at tens of billions of gallons — have been rushing in recent days straight into the Pacific Ocean.
Read more at Yahoo!
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GEICO Off the Hook
The company has been freed from paying $5.2 million to a Missouri woman who alleged she contracted a sexually transmitted disease in a car insured by the company.
Read more at CBS News
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Biden Issues Disaster Declarations
The President approved major disaster declarations for California and Alabama to assist state and local recovery efforts following major storms in both states.
Read more at NTD
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Investment Activities Don’t Cut It
"Sustainable value creators" among the 100 largest P/C carriers generated more value through underwriting than through investment activities over a 20-year period.
Read more at Carrier Management |
Landslide Lawsuit in Bellevue
Almost exactly a year after a landslide destroyed a Bellevue home, the city has sued a nearby school, alleging the school bears responsibility for the slide.
Read more at Seattle Times
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Tornadoes Rip Across Alabama
At least seven people were killed in central Alabama and more are missing after tornadoes and severe storms left a swath of damage across parts of the South.
Read more at Insurance Journal
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Storm Damage in Santa Cruz
Videos show the storm surge destroying a part of the Capitola Wharf and washing up massive logs on Santa Cruz beach.
Read more at ABC7 |
Lack of Flood Insurance in CA
98% of California homeowners don't have flood insurance; large flooding events can no longer be considered one-in-100-year sort of occurrences.
Read more at USA Today
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Tackling the Threat of Mudslides
Relentless storms have saturated the steep mountains and wildfire-scarred hillsides along much of California’s long coastline, causing hundreds of landslides.
Read more at Insurance Journal
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Costliest U.S. Tropical Cyclones
NOAA's National Centers for Environmental Information (NCEI) has updated this listing of the costliest tropical cyclones to strike the United States.
Read more at NCEI |
