Risk Management Magazine (6/1/2022)
With the increase in remote workers coinciding with an increase in severe weather damage due to climate change, employers should consider the how the risk of natural of natural disasters affects the productivity of employees who work from home.  When employees are expected to be productive from home, how are they to manage the demands of the “office” after their property is severely damaged and their lives are disrupted?

Insurance Journal (7/22/2022)
According to the Ivans Index second quarter results, Q2 experienced an increase in average premium renewal rate change across commercial auto, business owner’s policy (BOP), general liability, commercial property, and workers’ compensation compared to Q1 2022, while umbrella experienced a decrease

PropertyCasualty360 (7/22/2022)
Rating agency Demotech, Inc. has notified approximately 17 property insurance companies in Florida that their financial stability ratings are at risk of being downgraded, according to an email between Florida Insurance Commissioner David Altmaier and Demotech President Joseph Petrelli.  “A ‘rug-pull’ of this magnitude would expose over 115,000 Florida insurance agents to litigation risks,” Florida CFO Jimmy Patronis wrote in a letter to the Federal Housing Finance Agency. 

ContinuityCentral.com (7/21/2022)
Marsh McLennan has released its updated Flood Risk Index 2.0, which shows how flood risks are expected to alter and develop as the climate changes. The Flood Risk Index compares risk scores for 180 countries in present-day conditions and in 1.5 °C, 2°C and 3.5 °C warming scenarios. The Index shows that a 3.5 °C warming would lead to a dramatic increase in flood risk.

Insurance Journal (7/22/2022)
On Friday California Gov. Gavin Newsom signed a controversial gun control bill that enables private citizens to file lawsuits against anyone who imports, distributes, manufactures or sells illegal firearms in the state. The law requires a court to order $10,000 in damages for each violation plus with attorney fees.

Reuters (7/25/2022)
Lloyd's of London (SOLYD.UL) employs around 45,000 people in insurance and broking firms based in the City of London financial district.  Lloyd's has been making an effort to improve diversity in the market, and according to a new report, a quarter of firms have reached the commercial insurance market's target for 35% of leaders to be women.

ContinuityCentral.com (7/20/2022)
In this article, Helen Molyneux, Director at Cambridge Risk Solutions Ltd. addresses the Operational Resilience Report 2022, published recently by the BCI, and asks whether the report has added confusion in the profession about business continuity and operational resilience.  “If we break down some different aspects of the report’s findings, this article will demonstrate that ‘business continuity done well’ is, indeed, effective operational resilience,” she says.

PropertyCasualty360 (7/19/2022)
A judge awarded benefits to a Philadelphia corrections officer for post-traumatic stress disorder he sustained when he witnessed the fatal shooting of an inmate who had just been released from the prison. Workers’ Compensation Judge Lawrence Beck said that seeing a person shot and killed should not be considered a normal part of a job, even in a line of work that is often violent. 

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