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Insurance industry looking at revising rates to reflect changing climate

Environment

With major natural disasters coming more often, the insurance industry is looking at how it needs to change its rates and formulas account for this new volatility. It’s just one more reflection of changing climates.

FEMA Releases New Flood Insurance Maps for New Jersey

Lending Circles: Helping Immigrants in America Build Credit

Business, Economics and Jobs

Insuring for Climate Change

Top of the Hour: NYPD Spy Program, Morning Headlines

Top of the Hour: Major Rise in Health Insurance Costs, Headlines

A study by the Kaiser Foundation shows that health insurance companies are charging sharply higher premiums this year. The average annual cost of family coverage is more than $15,000, double of what it was a decade ago.

Why Insurance Companies Aren’t Worried About Irene

Tropical Storm Irene recently stormed across the northeastern United States, leaving somewhere billions of dollars in damages in its wake. But it won’t be insurance companies footing the bill – most likely, it’ll be taxpayers. This is partly due to the fact that most people that the storm affected don’t have insurance that covers floods, […]

The World

States Lure Insurance Companies Through Looser Regulations

Conflict & Justice

A number of states have begun luring insurance giants back by allowing them to establish “captive” subsidiaries – risk management systems that allow companies to invest and reinsure without as much capital backing. Louise Story joins us for more.

Who Caused the Financial Crisis and When Will They Pay?

During the savings and loan crisis of the 1980s, 800 bank officials ended up in jail over misconduct that led to the crisis. So why hasn’t a single bank executive been charged with any crime in the 2008 financial crisis?  Louise Story, Wall Street and Finance Reporter for The New York Times lays out the lapses […]

Revolutionary spirit

This was a demonstration we came across in downtown Cairo in front of a state insurance company. Managers and employees were on strike, demanding back pay from executives who they say had basically raided the company cash register […]