April 13, 2023

Sea Levels Rising Rapidly In Southern U.S.

A study finds sea-level rise along the coast of the southeastern United States has accelerated rapidly since 2010, raising fears that tens of millions of Americans’ homes in cities across the South will be at risk from flooding in the decades to come.

Read more at Yahoo!

Property Loss Predicted and Prevented with New Tech

Better data collection and AI now allow us to scale up our efforts to prevent property damage — to widen the scope of threats we can evaluate, analyze more data, and target proactive measures at the property, site or even infrastructural level.

Read more at Risk and Insurance

Business

Lasting Impact on Personal Auto 

Auto insurers recorded an underwriting loss of more than $4.1 billion in 2021, with a rapidly worsening loss ratio through the first six months of 2022. 

Read more at Insurance Journal

Q1 Commercial P/C Rates Steady

In a “deliberate and modest fashion,” the composite rate for commercial property and casualty lines increases 5% during the first quarter of 2023, according to MarketScout.

Read more at Insurance Journal

WA Shutters Several Pot Businesses

Cannabis regulators have halted operations at several farms and facilities after testing found high levels of chemicals related to a dangerous pesticide.

Environment

13 of Top 25 Disaster Counties in FL

An analysis by Forbes Advisor of FEMA disaster declarations for the 200 most-populated counties showed 13 of the top 25 most disaster-prone counties in Florida.

Read more at Yahoo!

Florida Wildfire Threat Grows

The National Weather Service reported that 55% of Florida is in the severe to extreme drought category, with most of the rest of the state listed as “abnormally dry.”

Huge Sinkhole is Growing

A large sinkhole in the small Texas town of Daisetta, 55 miles northeast of Houston, is growing, putting residents and officials on edge.

Education

Many Orgs Cover Up Data Breaches

Almost a third (30%) of all IT and security professionals whose firms suffered a data breach did not publicly disclose the event, deciding to sweep it under the rug.

Read more at Tech Radar

EPA Puts a Number on Lead Pipes

Some 9.2 million lead pipes carry water into homes across the U.S., with more in Florida than any other state, according to a new EPA survey.

Read more at Claims Journal

Cost of Dog-Related Injuries  

Insurers paid out more than $1 billion in dog-related injury claims in 2022, a 28 percent increase over 2021 even though the number of claims decreased last year.

Read more at Carrier Management