Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.
Off the Map
Oregon Senate Bill 82 would restrict how insurance companies can use wildfire risk maps. Will the bill increase transparency for consumers or create a headache for insurers?
Business |
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Collapse Looms for FL InsurersMore Florida insurance companies could go belly up in the next 18 months, scary news for everyone who is already struggling with insurance rate hikes. |
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Auto Profit Unlikely to Return in 2023In spite of continued actions to raise prices of coverage, auto loss cost continue to climb and profits will continue to elude personal auto insurers. Read more at Insurance Journal |
Environment |
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Wildfires West of EdmontonSeveral areas of Yellowhead County and Parkland County remained on mandatory evacuation alert with more than 1,100 people have been affected by evacuations. Read more at Global News |
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California Landslide Halts RailA landslide in Southern California has closed a historic cultural center, shut down rail service in the area and forced the evacuation of nearby residences, officials said. Read more at Claims Journal |
Education |
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Impact of Underinsured PropertiesGiven the factors buffeting the property market, currently facing one of the most difficult times in its history, businesses need to get much sharper on valuations. |
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Commercial Property InsuranceFour key concerns on the market include drastic rate increases, growing underwriting losses, a difficult reinsurance renewal period and reduced capacity. |
