Tropical Storm Idalia is the most expensive natural disaster to hit the US this year.
UBS has estimated that insurance companies in the state will be have to pay out $10 billion, but that figure could rise.
This will put more pressure on insurance companies in Florida, where nine property insurance firms have closed down since 2021.
We hear from a busine ... Show More
Yesterday
#3 JPMorgan CEO Jamie Dimon: The AI Bubble Will Burst
Jamie Dimon, Chairman and CEO of JPMorgan, is the biggest name in global banking. He has a hotline to world leaders, and what he says matters. In a wide-ranging Big Boss Interview with BBC Business Editor Simon Jack, he shares his concerns about a frothy market fuelled by money b ... Show More
37m 53s
Aug 2023
1035 - Over 32 Million Homes Are at Risk of Hurricane Damage This Year According to CoreLogic’s Latest Report by Aly J. Yale
We’ve officially entered hurricane season. While the National Oceanic and Atmospheric Administration says there’s a good chance it will be a “near-normal” one for both the Pacific and Atlantic coasts, that’s not exactly comforting for property owners, especially given recent numb ... Show More
6m 44s
Oct 2022
Did Hurricane Ian Bust Florida’s Housing Boom?
Since Hurricane Ian devastated southwestern Florida last month, residents have filed a record number of insurance claims for the damage caused by the storm.Today, Chris Flavelle, a climate reporter for The Times, discusses whether the insurance companies can survive. And if they ... Show More
31m 25s
Dec 2022
What Extreme Weather Events Are Doing to Global Insurance Markets
Heatwaves, droughts, hurricanes, floods... in a year of commodity shortages and supply chain disruptions, a host of extreme weather events have added stress to the system. So how do companies address the financial risks associated with these events? Catastrophe bonds and reinsura ... Show More
46m 52s