Monthly Archives: <span>August 2023</span>

Don’t Forget About Continuing Ed for Transportation Insurance Professionals

In the fast-paced and ever-changing world of insurance, staying up-to-date with industry trends, regulations, and best practices is paramount. For insurance professionals serving the transportation industry, this is even more crucial due to the sector’s unique challenges and complexities. That’s …

Increased Vehicle Sales, Search for Lower Rates Boost Auto Insurance Shopping

Auto insurance shopping rates rose 12% year-over-year in the second quarter of 2023, according to a new TransUnion report. While vehicle sales played a role in the increase, TransUnion said in a press release that the search for lower insurance …

Broken Wheel Causes Derailment of Train Blocking Swiss Tunnel

The derailment that blocked the Gotthard tunnel in Switzerland last week was caused by a broken wheel on the freight train, according to investigators. The Swiss Accident Investigation Service said its investigators had found pieces of the train’s wheel at …

Markets/Coverages: Chubb Launches Vehicle Tracking System in UK to Stymie Car Theft

Chubb has launched a vehicle tracking system in the UK to help protect the insurer’s customers from car theft. With criminals now often targeting high-value vehicles – particularly “keyless” models – Chubb S5 Vehicle Tracker and Chubb S5 Vehicle Tracker …

2023 Summer Heatwaves – Insights on Heat Stress in a Changing Climate: RMS

Executive summary: Climate change, caused by human activity, is already leading to an increase in the frequency and severity of hot extremes, including heatwaves. While it is difficult to ascribe any given event to climate change, Moody’s RMS says, extreme …

The National Alliance Launches CISR High School Program at Central Tech Campuses

Tulsa, Oklahoma, August 14, 2023 – The National Alliance for Insurance Education & Research announces that Central Technology Center has successfully completed the first year of the Certified Insurance Service Representative (CISR) High School Program. This groundbreaking initiative, launched in …

What Are China’s ‘Sponge Cities’ and Why Aren’t They Stopping Urban Floods?

China has been hit by devastating floods in recent weeks, inundating cities and causing deaths and infrastructural damage, as well as raising questions about the effectiveness of its 2015 “sponge city” initiative aimed at reducing urban flood risks. The initiative …

El Niño Expected Between September and November: Australian Weather Bureau

Australia’s weather bureau said on Tuesday the El Niño weather event, associated with hotter, drier weather, was likely to hit during the southern hemisphere spring, between September and November. El Niño, characterized by elevated sea surface temperatures in the eastern …

Typhoon Lan Grounds Flights, Halts Trains as It Crosses Japan

Typhoon Lan reached the coast of central Japan early Tuesday, grounding flights and halting trains as residents braced for heavy rain, flooding and landslides. Known locally as Typhoon No. 7, the storm has been traversing the archipelago’s central belt since …

Ships Remain Backed Up in Black Sea Lanes as Russia Warning Shots Raise Tensions

Merchant ships remained backed up in lanes around the Black Sea on Monday as ports struggled to clear backlogs amid growing unease among insurers and shipping companies a day after a Russian warship fired warning shots at a cargo vessel. …