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.
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.
Insurers complain noisily when regulators step in to stop them charging more to some groups, but there might be a benefit to us all when a better balance is found.
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?
Instead of relying on cyber insurance to protect businesses against the damages of attacks, executives should get to know the information they are protecting.
Data on the outcomes of life insurance claims will not only help individual customers but also financial advisers and super funds acting on behalf of consumers.
Even though Hurricane Matthew has been downgraded to category 3, it’s expected to cause substantial damage to Florida and other states in the region. The question is, who pays.
Lecturer and Research Fellow, School of Geography, Planning, and Spatial Sciences. Coordinator, Education for Sustainability Tasmania, University of Tasmania