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July 30, 2020 Edition

Headlines


 
Washington state just released “A Homeowner’s Guide to Earthquakes in Washington State” to teach citizens how to prepare for quakes and protect their property.
 

Business


 
The state's insurance commissioner is proposing amendments to two state laws that currently allow insurance companies to use credit scores to help determine rates for consumers in Washington. 
 
 
Most chief human resources officers at insurers say their employees want the option to continue working from home, and the vast majority believe remote working is sustainable long-term.
 
 
Last year marked the fourth consecutive year in which cyber insurance premiums grew less than in the prior year. At the same time, the number of claims has doubled and awareness of the risk continues to increase.
 

Education


Americans are hanging on to their cars and trucks longer, pushing the average age of vehicles on the road to the highest level in nearly 20 years even before the coronavirus hit.
For the third month in a row, there were fewer deaths and less traffic on the roads, but drivers who were driving were at a higher risk of dying from a motor vehicle crash.
Consumers are “least likely to renew their policies when part of an insurance claim is denied,” said J.D. Power. 

Environment


 
The annual flow of plastics into our oceans is on a trajectory to triple over the next 20 years, which could add up to 110 pounds of plastic trash for every meter of coastline worldwide, a new report finds.
 

Innovation


 
Technology that stops drivers from moving a vehicle when impaired could save more than 9,000 lives a year.
 
 
From lane departure warnings to blind spot monitoring, your car can keep you alert. Yet, a new national survey finds many drivers are intentionally turning off the safety systems in their cars.
 
 
Smart devices could prevent property damage and save homeowners and insurers money. But, there's a gap between the devices homeowners want and those offering potential benefits for insurers.
 

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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