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August 6, 2020 Edition

Headlines


 
Commercial insurance rates continued to rise in most lines in July, though in some cases the pace of the increases slowed slightly from the prior month.
 

Business


 
Consumer-focused identity theft, cyberattacks and online fraud are continuing to rise or remain at robust levels, a new national survey has found.
 
 
The state is again extending the deadline for employers that are finding it difficult to pay their workers’ compensation premiums during the COVID-19 outbreak.
 
 
The number of business interruption suits is expected to continue to rise as the pandemic goes on and exceed the number of suits filed after many large storms, including Superstorm Sandy.  
 
 
The utility will seek to recover its insurance costs through customer rates, it said in a filing. However, the company acknowledged it may not be able to obtain wildfire insurance in the future. 
 

Education


Washington state’s new guide encourages homeowners to consider earthquake insurance, and WSRB’s risk-assessment tool can help agents educate and motivate customers.
Stimulus talks between President Donald Trump's representatives and Democrats slowed over demands by Senate Majority Leader Mitch McConnell that his proposed changes to liability law be included wholesale in the aid package.

Environment


 
Failure to rein in climate change and bolster sea defenses could jeopardize up to a fifth of the world’s economic output by the end of the century, as flooding threatens coastal countries worldwide. 
 
 
Although Idaho has yet to see any big fires this year, the risk of fire increases in August and wildland fire potential is above average.
 
 
The vehicle spewed burning carbon from its exhaust system, igniting several fires.
 

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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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