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A Guide to Wildfire Risk

Everything you need to know about managing this growing risk.

March 9, 2023

Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.


From coast to coast, insurance agents earn different amounts - read on to learn more about the most lucrative states to be an insurance agent. 


The Most Lucrative States To Be an Insurance Agent

The average insurance agent in the United States earns a base pay of $55,596 annually. For some agents, though, the financial reward is much larger

Read more at PropertyCasualty360


Wet Winter Curbs Drought, Temporarily At Least

The wet winter of 2023 has worked wonders on digging portions of the western U.S. out of exceptional and extreme drought, according to the latest drought monitor.

Read more at ABC News



Illinois Auto Credit Bill

A bill has been introduced that would prohibit auto insurers in the state from considering consumer credit information in setting rates. 

Read more at Illinois Times

CA Senate Tries to Stabilize Market

Homeowners insurance prices in California are skyrocketing with the increased threat of wildfires, and lawmakers are trying to make sense of it all. 

Read more at CBS8


Ryan Specialty Posts 54% Jump

The Chicago-based specialty insurance firm reached fourth-quarter net income of $45.8 million, compared to $29.6 million in the same period last year.

Read more at Insurance Journal



Central Oregon Reels from Drought

The exceptional drought has nearly disappeared after a winter deluge of rain and snow — all except for about 1,500 square miles, nearly all contained in Crook County.

Read more at CNN

Wildfire Threats Increase in Texas

Texas A&M Forest Service raised the Wildland Fire Preparedness Level to Level 2 as the threat of wildfire activity increased across several areas of the state.

Read more at FOX7


State of Emergency in California

Gov. Gavin Newsom declared a state of emergency in response to severe winter storms that impacted much of Southern California.

Read more at KTLA



Roughest Roads in the US

State and local governments spend billions each year on road maintenance and operations, but does it amount to better roads for taxpayers?

Read more at WKRN

Property Claims Satisfaction Study

The combination of more severe events, rising costs and longer cycle times has strained customer satisfaction and tested the limits of digital tools.

Read more at J.D. Power


Hard Market Expected to Continue

Property markets will remain hard with no softening in the foreseeable future, while in primary casualty lines, renewals remain largely flat.

Read more at Business Insurance

Topics:industry trendsdrought

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