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“The Roundup” is Origami Risk’s weekly bulletin of headlines and resources impacting risk, compliance, safety, P&C insurance, and healthcare.

Wed, June 22 | The Internet of Things: How sensors are transforming the risk landscape 

The Internet of Things (IoT) is allowing carriers to use technology in new ways, particularly to help mitigate risks much earlier. This can mean significant cost savings for clients, businesses, and insurers. And, it is changing the risk landscape in a very positive way as insurers help their clients become more proactive instead of reactive. (continue reading) 

 

Wed, June 22  | Lightning caused 1.3B in U.S. homeowners claims 

The average cost per claim is volatile from year to year, but it has been particularly high in the past two years because of lightning fires throughout the country., Since 2001, the average cost per claim as went up 100%. (continue reading) 

 

Thurs, June 23 | Column: California is headed for an insurance catastrophe 

A recent report predicts that wildfire risk in California will continue to grow over the next 30 years from a deadly combination of higher temperatures and lower-than-normal rainfall. This leaves homeowners in moderate-to-low-risk communities concerned with protecting life and property for an issue they likely assumed would never affect them. (continue reading) 

 

Thurs, June 23 | Switching gears on e-bike insurance coverage: The wheels of the policies keep turning 

Can electric bicycles zoom into auto and home coverage? With gas prices climbing, more people are turning to electric bicycles as alternatives to cars. Although e-bike insurance exists, to put it mildly, not every e-bike owner has an e-bike policy. (continue reading) 

 

Fri, June 24 | Judge approves ‘remarkable’ $1 billion Surfside condo collapse deal 

One day before the one-year anniversary of the Surfside condominium collapse that killed 98 people, Miami-Dade Circuit Court Judge Michael Hanzman made his deadline and gave final approval to a $1 billion settlement of the second-largest class-action lawsuit in Florida history. (continue reading) 

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