Institutional investors
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, […]
Is this the Year for Catastrophe Bonds?
It’s been a bad year for insurance companies as they could face as much as $10 billion from weather-related losses this year alone from severe tornadoes, hurricanes and floods. But what does this mean for the catastrophe bond market? Louise Story, Wall Street and finance reporter for The New York Times explains.
States Lure Insurance Companies Through Looser Regulations
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.
Stormy Trends: Is Weather Getting Uninsurable?
Insurance companies have suffered record losses in recent years as a rash of severe storms have swept the planet. Some insurers are getting involved in the debate on human induced climate change, and may call on national governments to take preventive action. John Keefe files this report.