Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.
The earthquake devastation in Turkey and Syria may be far away, but residents of the Pacific Northwest must be prepared to avoid a similar fate.
Oregon’s Next Earthquake Will Hurt The UnreadyThe Cascadia Subduction Zone earthquake is set to be violent, and Oregonians should be prepared, especially those living in cities. |
Business |
Unfavorable Reserve DevelopmentDue primarily to Dec. 2022 auto accidents settling for more than reserved, Progressive said it experienced poor prior accident years reserve development of 6.5 points. |
Proposed Florida Tort-Reform BillThe bill checks the remaining boxes that property-casualty insurers and other corporations have been asking for. |
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QBE Insurance's AnnouncementThe company announced a $1.9B reinsurance transaction to de-risk the group’s exposure to portfolio reserves. |
Environment |
Second-Largest Reservoir at RiskLake Powell, a man-made reservoir that sits along the Colorado River on the Arizona-Utah border, generates electricity for about 4.5 million people. |
Toxic Train Spill Angers ResidentsResidents of the Ohio village upended by a freight train derailment demand reassurances after toxic chemicals spilled and burned in a huge plume. |
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New Solution to Condo Crisis?In recent months, more than 1,000 condo owners in San Diego have had their property insurance policies not renewed by Farmers Insurance due to wildfire risk. |
Education |
Best Pet Insurance CompaniesPet insurance can provide some financial protection if your dog or cat needs emergency surgery or treatment for a sudden illness. |
Why Not Go Direct On HomeownersAllstate's CEO sees an untapped part of the homeowners insurance market—customers that will buy home insurance online. |
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Hyundai, Kia Offer Software UpgradeThe upgrade will be offered to 8.3 million U.S. vehicles in an effort help curb increasing car thefts using a method popularized online. |