Below we highlight the top 5 trending intel topics in June 2022.
1. Flood Insurance
Flood Modeling & Insurance Perspectives
The U.S. Flood insurance market is being completely revamped with the launch of the National Flood Insurance Program’s (NFIP) risk rating 2.0, which applies risk modeling technology to evaluate exposure. Simultaneously the market is challenged by double-digit inflationary percentage increases, and the adverse impact of climate change leading to warmer ocean temperatures and more severe catastrophic storms.
2. Residential Property
Two Outer Banks Homes Collapse Into Ocean on Same Day
Two unoccupied homes in the Outer Banks collapsed into the ocean on May 10, with dramatic video footage showing one of the houses get rapidly swept away after the wooden stilts holding it up broke apart. The other home collapsed only hours earlier, spreading debris across a wide path and leading officials to close area beaches due to the risk of further collapses.
3. Construction
Ask the Expert Q&A: Architects & Engineers Insurance
Design errors & omissions and evolving technology are among the most pressing challenges faced by today’s architects, engineers, general contractors, and other design professionals.
4. Cyber & Privacy Liability
Louis Vuitton Virtual ‘Try-On’ Tool Collected Customers’ Facial Scans, Lawsuit Claims
A virtual “try-on” tool for sunglasses offered by Louis Vuitton collected customers’ facial scan data without their consent, violating the Illinois Biometric Privacy Protection Act, a new lawsuit against the luxury brand alleges. The proposed class-action suit, claims the LVMH corporation’s North America unit took biometric data from online shoppers when they used their webcams to try out eyewear products.
5. Transportation
Hot Dog Filler, ‘Mysterious’ Red Liquid Spill Onto Highway in Recent Trucking Accidents
About 15,000 pounds of hot dog filler spilled onto the highway near Pittsburgh, Pennsylvania, May 20 when the driver of a semitractor-trailer lost control of the vehicle and crashed onto the shoulder. The tractor-trailer hit several trees and overturned, leaving the driver and a passenger with minor injuries and a portion of Interstate 70 covered in the pink slime.
