Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.
Conflagration
The wildfires on Maui have left parts of the island reduced to cinders. In the midst of the tragedy, hundreds are still missing and the death toll continues to climb.
Business |
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"Most Disrupted Personal Lines"Kemper’s actions, including exiting the preferred home and auto market, come amid “the most disrupted personal lines environment” it has ever experienced. |
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QBE Disappointed Despite Surge“This has been a disappointing half for me in many regards, but I do think we’re making progress on our key initiatives and have good momentum in the business.” Read more at Insurance Business Mag |
Environment |
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NOAA: Above Average SeasonRecord hot ocean temperatures and a tardy El Nino are doubling the chances of an intense Atlantic hurricane season this summer and fall. Read more at WFTV |
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Severe Thunderstorm LossesA series of widespread thunderstorms have caused significant insured losses in US, accounting for 68% of global insured natural catastrophe losses in H1 of 2023. Read more at Insurance Business Mag |
Education |
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How Tornado Scale is DeterminedThe Enhanced Fujita Scale (EF Scale) has been used since 2007; the NWS is the only federal agency with the authority to provide an official rating of a tornado. |
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Inflation, Cat Lead LossesKey macroeconomic trends impacting the industry results include inflation, rising interest rates and overall P&C underlying growth. |
