Even though Canadians and Americans living in the Pacific Northwest share the same earthquake risk, far more Canadians than American homeowners buy earthquake insurance. Why?
Sometimes a car accident is no one’s fault. But no-fault insurance systems are problematic.
THE CANADIAN PRESS/Jonathan Hayward
As more provinces legislate no-fault auto insurance, drivers should be told that the system places tight restrictions on their right to be heard in court and reduces benefits.
More financial services should target low-income households in South Africa.
Some of the highest coronavirus hospitalization rates in Denver are in neighborhoods near Valverde, a community that was once redlined.
RJ Sangosti/Denver Post via Getty Images
Neighborhood characteristics like pollution from busy roads, widespread public transit use and lack of community-based health care are putting certain communities at greater risk from COVID-19.
As larger percentages of the U.S. population become infected, a study shows how direct medical expenses for treating COVID-19 will rise. Those costs will come back to everyone.
Scott Eisen/Getty Images
Reopening state economies too soon risks a second wave of the pandemic, and a surge in medical costs. Anyone who pays insurance premiums and taxes will be picking up the tab.
A catastrophe bond that provides too little money too late — or none at all — is just financialization run amok.
(Shutterstock)
Michael Beck, University of California, Santa Cruz and Pelayo Menéndez, University of California, Santa Cruz
A new study estimates that mangroves prevent over $65 billion in damage from coastal storms every year, and says mangrove protection should be funded in the same way as infrastructure like seawalls.
Thousands of Americans, including James Kretschmer, say they experienced sexual abuse as Boy Scouts.
AP Photo/David J. Phillip
Most homes are not as cyclone-ready as they could be. It seems lower insurance premiums aren’t enough of an incentive for owners to upgrade their homes, but a new study points to some solutions.
A helicopter drops water while battling the Saddle Ridge Fire in Porter Ranch, Calif., on Oct. 11, 2019.
AP Photo/Noah Berger
Young people continue to cancel their private health insurance despite discounts to entice them to stay. Instead, we should reduce their premiums based on their likelihood of needing health care.
Insurers have to protect themselves against foreseeable risks. For insurers of fossil fuel projects, those risks are growing.
Shutterstock
The decision of Suncorp to dump coal, just months after the re-election of the Morrison government, makes it clear that insurers can’t afford wishful thinking.
Wall Street traders watch as Fed Chair Jerome Powell speaks.
Reuters/Brendan McDermid
Lecturer and Research Fellow, School of Geography, Planning, and Spatial Sciences. Coordinator, Education for Sustainability Tasmania, University of Tasmania