Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.
Climate warnings grow more dire, wildfire smoke descends upon the American west, and an ancient Mexican volcano rumbles with new life.
Dire New Warning on ClimateA report projects that within five years the world will surpass the temperature threshold that we hoped to stay within for the next 25 years. |
Business |
Tale of Two MarketsThe 2022 P/C insurance industry saw a stark difference between the combined ratio of commercial lines at 94.8, while personal lines came in at 109.9. |
Commercial Property Premiums UpPremiums increased more in the first quarter than they have in more than 20 years, marking the 22nd straight quarter of overall premium increases at 8.8%. |
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Insurers Target of Antitrust Concerns23 attorneys general have pointed out legal concerns that might arise due from their commitment to collaborate with other insurers to advance an “activist climate agenda.” Read more at Insurance Journal |
Environment |
Mexico’s Popocatepetl Spews AshThe volcano rumbled to life again this week, belching out towering clouds of ash that prompted mass evacuation orders in surrounding areas. |
Italian Fruit Harvest WoesDeadly floods in northern Italy will ravage fruit production in what is normally one of the country’s most bountiful agricultural regions. Read more at Insurance Journal |
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Poor Air From Wildfires Hits USSeveral regions in the U.S. are suffering from poor air quality as the smoke from the wildfires burning in Canada make its way south. Read more at Yahoo! |
Education |
Hyundai, Kia Settle LawsuitsHyundai Motor America and Kia America said they have reached a settlement to resolve a class-action lawsuit prompted by a surge in vehicle thefts. |
Transmission Line Approved in NMThe U.S. government is greenlighting a transmission line that would send primarily wind-generated electricity from the rural plains of New Mexico to big cities in the West. |
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WA Wildfire Smoke RulesThe proposed rules would require employers to monitor the air quality and alert workers when it exceeds certain exposure thresholds. |