InsuranceEDGE | March 30, 2023 | BuildingMetrix

Written by WSRB | March 30, 2023

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

Overloaded

The intersection of increasingly extreme weather patterns and excessive electricity needs means that power grids across the United States are being pushed to their limit.

The Life and Times of a Fire Investigator: Part II

The three core pillars of the fire investigation profession are investigating fire, enforcing code, and educating the public. In this second entry, we will dig into code enforcement and provide you with a complete understanding of what this job requirement entails.

US Grid Headed for Meltdown

Cities across the US are increasingly going dark at the worst moments. Increasingly extreme temperatures cause outages in a variety of ways.

Business

Inflation Hiked P/C Claims

High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to Swiss Re research.

Read more at Insurance Journal

Juul, Altria Face First Trial

E-cigarette company Juul Labs Inc. and its former largest investor, Marlboro maker Altria Group Inc., will face their first U.S. trial over marketing to minors.

Read more at Insurance Journal

2022 Premium Growth

Reinsurers’ premium growth averaged 12.1% for full-year 2022, driven by improved pricing for commercial lines and reinsurance business.

Read more at Insurance Journal

Environment

Emergency Declaration in Mississippi

President Biden issued an emergency declaration, making federal funding available for the areas hardest hit by a deadly tornado that ripped through the delta.

Safest SW Counties

A study by global property information provider CoreLogic detailed the least risky places to live in the U.S. from a natural hazard perspective.

Read more at Insurance Journal

California's Phantom Lake

Every 15 years or so, in the wake of a record winter storm or heavy spring snowmelt, the great inland sea, at least a hint of it anyway, rouses from its slumber.

Education

Hard Property Insurance Market

A combination of historically high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance.

Fixing the LA Insurance Market

Since a series of punishing hurricanes battered Louisiana’s coast and upended the state’s insurance marketplace, officials have tried to right the ship.

Hyundai, Kia Warn of Fire Risk

The automakers are recalling just over 570,000 U.S. vehicles over fire risks and urged owners to park outside and away until getting repairs.

Read more at Insurance Journal

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