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August 20, 2020 Edition

Headlines


 
It doesn’t take much for a small brush fire to turn into something more dangerous. In fact, the 90 degree temperatures and dry weather in Spokane’s forecast are a recipe for disaster.
 
 
It's been busy already. But here's why we're about to shift into a more active period.
 

Business


 
The legal panel on multi-district litigation denied a proposal to consolidate cases brought by multiple businesses against various insurers for coronavirus-related losses. However, the panel left open the possibility of considering consolidation of cases by insurer. 
 
 
Wyoming passed a law granting immunity from liability lawsuits to businesses that do their best to follow state and federal pandemic guidelines as they reopen. But critics worry the law will prevent some legitimate lawsuits.
 
 
Oregon’s Department of Consumer and Business Services is proposing a temporary rule that would combat the spread of coronavirus in all workplaces by requiring employers to implement risk-reducing measures.
 
 
Quote requests increased an average of 147% compared to last year, according to a new report, indicating people may be shopping around to save money during the economic fallout from COVID-19. 
 
 
As bad as the coronavirus pandemic has been for many insurance lines, personal automobile profits have soared thanks to reduced driving, as quarantines and shelter-at-home restrictions took hold across the country earlier this year, Fitch Ratings said.
 
 
Amazon.com can be held liable like other traditional retailers for injuries from defective products sold via its sprawling marketplace, a California state appeals court ruled, overturning a previous decision from a lower court.
 

Education


In a fast-paced, competitive environment, underwriting mistakes that are the result of fraud can cut deeply into an insurer’s bottom line.
Over time, software makers stop supporting old operating systems, browsers and other programs. Learn why it’s so important to update your employees’ systems.
For homeowners and drivers, coverage kicks in when limits are exceeded on normal insurance.

Environment


 
Severe weather — including tornadoes, derechos and flash flooding — remains a concern through late summer.
 
 
Without a monsoon, drought conditions often lead to intense wildfires, dwindling groundwater and huge losses to the agricultural industry.
 
 
How can suburban communities protect homes from the catastrophic effects of wildfires? New resources from the Insurance Institute for Business and Home Safety provide suggestions based on research.
 
 
Data shows a 2016 earthquake moved in one direction toward the fault line, then turned back and struck the fault again. Though rare, seismologists say "boomerang earthquakes" are possible.
 

Innovation


 
The study is recruiting participants ages 18 to 26 in the Pacific Northwest, and is based on a phone app developed by the Environmental Protection Agency that tracks air quality, active fires and direction of smoke plumes.
 
 
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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