Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.
Insurers and government officials must plan ahead as wildfire risk continues to grow across the country and create headaches for all involved.
The Future: Geospatial Property RatingsDecreased profits can stem from a lack of granular, accurate information about potential hazards and exposure to loss at each insured location. |
Business |
FTC: Noncompete Agreements BanThe Federal Trade Commission proposed a new rule that could potentially prohibit the use of non-compete agreements. |
LA Legislators 'Skeptical'Several legislators said they aren’t yet prepared to fund a homeowners insurance incentive program backed by Insurance Commissioner Jim Donelon. |
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Mass Lay-Offs at GoogleAlphabet CEO Sundar Pichai wrote, “I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000.” |
Environment |
USDA's New Wildfire StrategyFederal funding, which comes from the Bipartisan Infrastructure Law and the Inflation Reduction Act, is being invested in 11 especially fire-prone landscapes. |
Alabama: The
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Record Insured DamagesDamage from numerous severe weather events made 2022 the third worst year on record, with losses from severe weather adding up to $3.1 billion. |
Education |
Texas Electricity Market ReformThe Public Utility Commission voted to make a substantial change to the state’s electricity market in a controversial effort to make the entire system more reliable. |
Most Expensive
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States With the Worst DriversThere are undoubtedly irresponsible and dangerous drivers in every corner of the US, but the data shows that some states have far better motorists. |