Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.
Going Down
The median U.S. home price fell 3.3% in March this year to $400,528, the most significant year-over-year drop since 2012. What does this mean for insurers?
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The Life and Times of a Fire Investigator: Education
We often think of the classroom in the formal sense: a school, a classroom, a lecturer, and a group of students. And while fire investigators use this setting as a platform for education, their work goes well beyond that.
Read more at WSRB
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Median US Home Price Posts Largest Drop Since 2021
New listings fell 23.3% from March 2022 to March 2023 because homeowners decided to stay in their homes rather than move and face higher interest payments on a new house.
Read more at PropertyCasualty360
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State Farm To Increase Rates in IL
The new rates will add roughly $65 annually to the average policy, on top of the extra $58 per year brought by the previous rate hike.
Read more at Insurance Business Mag
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$1.7 Billion in Q1 Catastrophe Losses
Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3 billion occurring during the month of March.
Read more at Insurance Journal
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Berkley Won't Chase D&O Market
W. R. Berkley Corp. President and CEO Robert Berkley said the insurer is not going to follow the directors and officers market “down the drain.”
Read more at Carrier Management |
CA Snowpack May Melt Quickly
The rapid melt could send waters rushing into streams and exacerbate ongoing flooding in the San Joaquin Valley west of the Southern Sierra.
Read more at Washington Post
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California to Meet All Water Requests
CA will provide 100% of the water requested by cities and farms for the first time in years thanks to winter storms that filled reservoirs and runoff from a record snowpack.
Read more at Insurance Journal |
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Major Flooding Along Mississippi
Wisconsin communities along the river are preparing for what could be "major" flooding as soon as this weekend as the river swells to its highest flood level in decades.
Read more at WPR |
Turkey’s Disaster Was Preventable
Contractors and government inspectors are to blame for the shoddy construction that led to so many building collapses, but insurers can help forestall future disasters.
Read more at Risk and Insurance
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May 2023 Temperature Outlook
The next month may bring warmer temperatures to the east coast, south, and Pacific Northwest. Check out NOAA's monthly outlook for more information.
Read more at Climate.gov
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AI + Commerical Trucking Insurance
There is an untapped opportunity for brokers in the commercial trucking insurance sector as they prospect new business and offer quotes.
Read more at Insurance Journal
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