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July 23, 2020 Edition

Headlines


 
Lessons learned from major Northern California fires and how fire-service professionals can defend against fires that were once unprecedented but may be the new normal. 
 
 
We're on a record early-season pace for named hurricanes, about nine weeks ahead of an average season, according to the National Hurricane Center. But the large number of storms so far masks the fact that they were all short-lived.
 

Business


 
The estimate is down 21% from the 10-year average of $38 billion for first-half losses, up 8% from the average of $28 billion for the past 20 years and 54% higher than the $20 billion average since 1980.
 
 
The overall market impact from coronavirus-related losses on the property-and-casualty insurance industry is likely to be between $50 billion and $80 billion, Moody's Investors Services estimated. 
 
 
Comparing how banks and insurers from different countries cope with climate change is being hampered by a lack of consistent data, the Financial Stability Board said.
 
 
The U.S. personal lines insurance sector is positioned to see underwriting profits in 2020, even with the economic impacts of the COVID-19 pandemic, Fitch Ratings said.
 

Education


There’s a 1% chance a big quake will strike next year on the Southern section of the San Andreas Fault, says a new paper. That may not sound that high, but it’s a lot higher than previously believed.
U.S. companies are raising new questions about how they can make workplaces safe after the world's top public health agency acknowledged that tiny airborne droplets of the novel coronavirus may contribute to its spread.
As commercial insurance premiums continue rising, learn how to use WSRB data products and services to apply Individual Risk Premium Modifications (IRPMs).
A large number of Americans working from home due to the coronavirus pandemic aren't worried about cyber attacks even though they're at greater risk compared to working in the office, Chubb found in a new survey. 

Environment


 
Researching both the demographic and business characteristics of areas affected by a coastal event can help emergency managers respond most effectively to disasters when they occur.
 
 
Evidence of a rapid increase in sea-level-rise-related flooding started to emerge about two decades ago and is now very clear, according to the National Oceanic and Atmospheric Administration.
 

Innovation


 
Companies of all sizes are leaning on automation to keep factories running without compromising the health and safety of their workers. Half of the chief financial officers surveyed last month by PricewaterhouseCoopers said they were planning to accelerate automation.
 

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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