Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.
High Water
According to FEMA, a single inch of water in your home can cause $25,000 worth of property damage. Which cities have the highest level of flood risk?
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U.S. Cities With the Highest Flood Risk
It's not just coastal cities that live with the ever-present risk of flooding. Communities near rivers and aquafers also are at risk, and hurricane-related storm surge is a serious threat, too.
Read more at PropertyCasualty360
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The Grand Canyon is Losing Its River
The canyon remains yoked to the present in one key respect: the Colorado River, whose wild energy incised the canyon over millions of years, is in crisis.
Read more at Yahoo!
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Farmers Out of Florida
Farmers Insurance Group is no longer writing new property insurance policies in Florida, a new policy effective February 1.
Read more at Click Orlando
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Litigation Funding Disclosure
Lawmakers in two states passed bills this year to require disclosure of litigation funding contracts. Business groups are pushing for similar rules in federal courts nationwide.
Read more at Insurance Journal
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Berkshire Unit Liable in OR Fires
A Berkshire Hathaway unit is liable for destruction caused by the 2020 Labor Day Fires in Oregon, exposing PacifiCorp to more than $1.5 billion in damages.
Read more at Insurance Journal |
Canada's Wildfires in Four Charts
Statistics on the fires — which help place their scope in historical context — continue to show how extreme they are and how they are trending.
Read more at Washington Post
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Wildfire Fears at ‘All-Time High’
A new report shows the threat of damaging wildfires in conjunction with inflation and pricing challenges has led to a distressed insurance and reinsurance market.
Read more at Insurance Journal |
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Washington Epicenter of Wildfire
The National Interagency Fire Center released its updated fire report, noting all but the southeastern tip of Washington were at “above normal” fire potential.
Read more at Herald Net |
1-95 Bridge Collapse
An elevated section of Interstate 95 collapsed early Sunday in Philadelphia after a tanker truck carrying flammable cargo caught fire.
Read more at Yahoo!
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Liability Insurance for Gun Owners?
The idea has been floated for years: if gun owners were required to purchase liability insurance, proponents argue, they would have to follow safe practices.
Read more at CBS News
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Canadian Wildfires Shutter Sawmills
The worst-ever spring wildfire season has forced its forestry industry to shutter sawmills, driving up lumber prices, and setting production back for months.
Read more at Reuters
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