Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.
Fire and Heat
The Western United States has seemingly been spared from conflagrations during this wildfire season. But how long until that luck runs out?
Business |
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Office Values Down $800BRemote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing. |
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Progressive’s Q2 WorsensOverall, the June 2023 combined ratio came in at 104.9—the worst combined ratio recorded for any month this quarter. Read more at Carrier Management |
Environment |
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Vermont Wasn't Prepared Enough“We shouldn’t be surprised that this [flood] happened. And it’s going to happen again. And again. And again after that.” Read more at Insurance Journal |
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No End in Sight for Canadian FiresCanadian wildfires have scorched more than 10 million hectares this summer, an area about the size of Iceland, with no end to the burning expected anytime soon. Read more at Insurance Journal |
Education |
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I-95 Bridge Collapse ExplainedPractical Engineering, a YouTube channel about infrastructure and the human-made world around us, explains what exactly happened in Philadelphia. |
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Protecting Roofs From TornadosResearchers with Western University's Northern Tornadoes Project suggest a $200 hurricane strap could prevent some roof damage to homes. |
