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September 10, 2020 Edition

Headlines


 
The report looks at how states are helping working and unemployed families during the COVID-19 pandemic. It is broken down into three categories: worker protections, healthcare and unemployment support.
 
 
Insurers, facing huge losses, have been pulling back from fire-prone areas across California. “The marketplace has largely collapsed,” an advocate for counties in the state said.
 

Business


 
The efficacy of analytics and predictive models is now questionable because of changes in underlying assumptions and relationships between data elements due to COVID-19.
 
 
As insurers brace for an expensive natural-disaster season because of storms and wildfires, the novel coronavirus is giving them an odd financial break.
 
 
Some commercial property owners whose businesses were torched by rioters are learning that they don't have enough insurance to clear away the debris. 
 
 
Cyber insurance premiums, which now total about $5 billion annually, will increase 20% to 30% per year on average in the near future, says a new report.
 

Education


Pandemic risks are among the top concerns for midsize businesses in 2020, tying for the No. 3 spot and beating out reputational risks, regulatory issues and risks related to climate change, according to a new report.
Planning ahead for natural disasters can save your life. The next disaster won't wait until the COVID-19 health crisis is over, so now is the time to prepare with these tips from the NW Insurance Council.
The market was optimistically cautious entering 2020, but thanks to COVID-19, growing liability challenges and other risk factors, we’re seeing more hardening.

Environment


 
A Tennessee community found itself facing a wildfire in 2016 that ultimately killed 14 people. A new survey reveals why some people chose to evacuate and some did not. 
 
 
In the midst of the devastating 2020 wildfires and dangerously depleted state fire services, worried Californians are investing in do-it-yourself fire protection in the form of apparatus.
 

Innovation


 
Safety features such as automatic emergency braking and forward collision warnings could prevent more than 40% of crashes in which semis rear-end other vehicles, a new study has found.
 
 
The program accelerates inspection cycles beyond compliance regulations to align with wildfire risk. It’s part of a larger program including enhanced vegetation management and system-hardening.
 

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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