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July 9, 2020 Edition

Headlines


 
The civil disturbance that started in Minneapolis after the killing by police of George Floyd has caused property losses that could surpass the previous record for civil unrest damages set in 1992 after a jury acquitted police officers who had been videotaped beating Rodney King.
 
 
A National Council of Insurance Legislators resolution revealed a rift with state insurance commissioners that threatens efforts to address systemic racism in insurance. 
 

Business


 
Mounting business-interruption lawsuits resulting from the COVID-19 pandemic could deal insurers billions of dollars in losses, rivaling their liability from asbestos litigation about 30 years ago, analysts predict.
 
 
The U.S. property-and-casualty insurance industry will end a 10-year run of premium growth in 2020 due to COVID-19 fallout, predicts S&P Global Market Intelligence.
 
 
The American Property Casualty Insurance Association is opposing proposed legislation creating a rebuttable presumption that the COVID-19 virus caused property damage.
 

Education


Movies often depict our fantasies, and that applies even to automatic fire sprinklers. Learn the truth behind common Hollywood fire sprinkler myths.
Testing employees for COVID-19 is not among most employers' plans to facilitate returning to work. Instead, they're taking other, less expensive and more feasible approaches. 

Environment


 
In the past decade, the U.S. has seen it all, from major hurricanes and floods to annual severe weather, devastating wildfires, earthquakes and volcanoes.
 
 
A new study proposes an answer to a longstanding puzzle: why did so many earthquakes occur in Taiwan after Typhoon Morakot struck the island? 
 

Innovation


 
Commercial insurers are facing hefty claims and seeing a steep rise in premiums — tempting companies and industry veterans to raise capital, launch new businesses or expand into new lines.
 
 
Lemonade Inc., the online home insurance provider backed by SoftBank Group Corp., jumped as much as 86% after raising $319 million in its U.S. initial public offering.
 

About InsuranceEDGE

 
Curated weekly by WSRB experts, InsuranceEDGE helps you work smarter. You don't want to miss an issue. Get InsuranceEDGE delivered to your inbox every Thursday. 
 
 
 
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