Hawaii became the 30th state to permit testing of autonomous vehicles on public roads when Gov. David Ige signed Act 021 into law. The law allows the state Department of Transportation to issue permits for companies to test autonomous vehicle technology with a human operator present.
Insurance companies in New York need to take action in the areas of governance, risk management and business strategy with regard to the financial risks posed by climate change, State Department of Financial Services Superintendent Linda Lacewell said. The department has suggested steps including assigning a board member or committee or a senior official to assess such risks, and it said internal risk and solvency assessments should include climate change as a factor.
The House has voted in favor of a continuing resolution that will fund the federal government through Dec. 11, extending the National Flood Insurance Program through Sept. 30 in the process. The measure would avoid a government shutdown, and it now goes to the Senate, eight days before current funding is set to expire.
The California Workers Compensation Institute says the state's number of independent medical reviews in disputed claims fell 18% year-over-year during the first six months of 2020. The decreases were sharpest in May and June, amid coronavirus-related shutdowns, although the percentage of affirmed utilization review decisions has essentially held steady this year, data shows.
Areas of coastal Texas experienced flooding that affected buildings, vehicles, and interstates and other roads as Tropical Storm Beta brought heavy rain to the state. More than 100 rescues from vehicles stranded in floodwaters have been reported in Houston, and flooding also has occurred in some parts of Louisiana hit by Hurricane Laura in August.
Wildfires' increased intensity and frequency are posing a risk of wiping out some forested areas, and that creates a concern especially for temperate and boreal forests, for which wildfire is vital to their renewal, experts say. In the US, a focus on total fire suppression instead of prescribed burns has "groomed the nation's forests for the age of the megafire: a collision of climate change and tremendous, unnatural fuel loads," writes Philip Connors, a US Forest Service fire lookout.
The proportion of catastrophe losses resulting from secondary perils, such as severe convective storms and wildfires, has generally outpaced that of tropical cyclones and earthquakes in the past decade, according to Aon. Losses from secondary perils surpassed those from primary perils in eight of the last 10 years, Aon says.
Massachusetts lawmakers are unlikely to pass two bills that would establish a workers' compensation rebuttable presumption that essential employees who fall ill with COVID-19 caught the coronavirus in the course of their work. The measures have been sent to a study order and are unlikely to advance in the current legislative session.
There are a number of way insurance agents can benefit from the current paradigm shift in the industry as a result of the rise in digitization, writes Vinod Kachroo, chief information officer at SE2. Among them are that it opens up new market segments and shortens the application processing time, he writes.
The Bobcat Fire is one of the biggest wildfires on record in Los Angeles County, and it has now burned at least 165 square miles, destroyed 18 buildings and damaged 11, and officials say those tallies likely will rise. The wildfire was about 15% contained as of this morning, and it is among more than two dozen major wildfires that have destroyed an estimated 6,400 buildings statewide.
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