Risk Management Magazine (8/1/2022)
During the winter 2021 policy renewal season, pricing was finally beginning to moderate for many property and casualty insurance lines after several years of market volatility. Midway into 2022, however, rates are expected to turn upwards again as inflation begins to take a toll on the insurance market. The inflation rate in the United States in June was 9.1%—the highest level recorded since 1981.

Reuters (9/6/2022)
On Tuesday, the National Labor Relations Board moved to make it easier for workers and unions to hold companies liable for labor law violations by their franchisees and contractors. The proposed rule would revive an Obama-era standard heavily criticized by trade groups that would treat companies as so-called "joint employers" when they have indirect control over working conditions such as scheduling, hiring and firing, and supervision.

Insurance Journal (9/6/2022)
Recent developments have sparked new debate about the role that Citizens Property Insurance Corp. should play in Florida’s rapidly shifting property insurance market, with potential changes that could affect agents, other carriers and homeowners for years to come. Some worry that such a move won’t help depopulate the largest insurer in the state and could deepen Citizens’ exposure in an era of stronger storms.

PropertyCasualty360 (9/7/2022)
A jury in Harris County returned a $48.5 million verdict in favor of Baylor College of Medicine (BCM), finding the insurers’ commercial property insurance policies covered losses due to COVID-19. According to the Baylor College of Medicine legal team, this was the first jury trial in the nation to tackle the issue of whether a commercial property insurance policy covered business interruption losses because of the pandemic.

Insurance NewsNet (9/7/2022)
California will transition to all electric-powered vehicles by 2035, with about 17 other states set to follow suit. As state and federal authorities move to prohibit sales of internal combustion vehicles and encourage adoption of all-electric autos, insurers are continuing to examine how coverage options and liability claims may change with the advent of more gas-free cars and trucks. 

Forbes (9/7/2022)
The life insurance industry in the U.S. is vast, taking in billions of dollars in premiums each year. In this article, Forbes Advisor breaks down several life insurance statistics covering a broad variety of demographics into meaningful segments.

Insurance Journal (9/7/2022)
According to a new report from AM Best, the total U.S. surplus lines direct premiums written (DPW) reached a record $82.6 billion in 2021. In the first six months of 2022, premiums topped $31 billion, and premium bearing transactions pushed 2.8 million.

Reuters (9/2/2022)
Natural catastrophes are the leading cause of corporate insurance losses in the U.S. The National Centers for Environmental Information estimates that this year's nine U.S. weather disaster events have each caused losses exceeding $1 billion. The spike in natural disaster losses has resulted in much-needed judicial guidance on "Ordinance or Law" (O&L) Coverage, also known as "Code Upgrade" Coverage. 

RIMS-CRMP Stories
Jennifer Santiago was among the first to take the RIMS-CRMP exam in 2016 and has since recertified to maintain an active certification status. She is now the head of risk management and safety at Wakefern Food Corp. and RIMS Treasurer. She discussed why she lobbied so hard to launch the RIMS-CRMP, how the certification enhances her professional profile and offers tips on recertification.

RIMScast, Sponsored by Aon
We are nearing the halfway point of the 2022 Atlantic Hurricane Season. What has transpired so far and what should organizations expect for the remainder of the season? In this special RIMScast interview, Jill Dalton, leader of Aon’s US Property Risk Consulting Group, and Steve Bowen, managing director, meteorologist and head of Catastrophe Insight at Aon, share insights on what has transpired during this hurricane season.