Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.
Does it sometimes feel like the United States is more susceptible to extreme weather than other parts of the world? There's a reason for that.
Business |
Near $27B Underwriting Loss in 2022Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier. |
FL Regulators Reviewing Rate HikesThree Florida insurance carriers, one large and two small, are seeking approval for major rate increases, with one condominium policy increase as high as 103%. |
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Hard Commercial Property MarketToday’s hard U.S. commercial property insurance market — one that is the longest and toughest seen by industry veterans — is likely here to stay for a while. Read more at Insurance Journal |
Environment |
Insurers Embrace Evolutionary IdeasThe magnitude of the climate change catastrophe is unmatched. Insurers must continue their efforts to focus on addressing the climate crisis with new solutions. |
Maine Sues Over ContaminationThe AG is suing manufacturers of so-called forever chemicals that have contaminated farms and wells, information that has been concealed from the public. Read more at Insurance Journal |
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A Dry Southwest Brings Wildfire RiskOfficials in New Mexico and Arizona warn that dry, windy conditions are increasing wildfire risks and prompting red flag warnings. Read more at Las Vegas Sun |
Education |
Canada's First Wildfire Risk MapThe comprehensive wildfire risk map provides yearly and 30-year aggregate probabilities of wildfire ignition and spreading for any location in the country. |
Preparing for Storm SeasonThe problem arises when post-catastrophe analyses are reviewed, adjusted, and documented, only to be tucked away without any changes being implemented. |
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Top Causes of Distracted DrivingWhile technology continues to be the top cause of distracted driving, other causes include drowsiness, heightened emotions, and work-related stress. |