Articles on Insurance

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People take shelter during the floods in Mozambique. Antonio Silva/EPA

More people in Africa need to be insured against natural disasters

While disaster insurance would go a long way in averting losses, demand for cover is still lower than expected.
Water from Addicks Reservoir flows into Houston neighborhoods following hurricane Harvey in August. Allstate expects US$593 million in insurance losses for August due to the hurricane. (AP Photo/David J. Phillip, File)

The stormy outlook for insurance-linked securities

Insurance-linked securities aim to shield insurers and governments from huge costs following disasters. But they bear eerie similarities to the securities that caused the 2008 financial meltdown.
Relatively few homes hit by Harvey have flood insurance. Reuters/Carlo Allegri

How flood insurance works: 6 questions answered

The federal government created a program in 1968 to insure homes in the US from flooding, yet few of the houses hammered by Harvey's record rainfall were covered.
Low-cost housing development on the city outskirts can expose owners to higher costs in the long run. Paul Miller/AAP

Affordable housing is not just about the purchase price

People are taking on larger future risks and costs just so they can buy a house. Increases in new home owners are seen as a positive development, but what if they can't afford the ongoing costs?

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