Markets
Flood Insurance Gap Will Squeeze Local Governments, Homeowners: Moody’s
The flood insurance gap in the United States is big and it's not getting better. And the consequences of that gap are about to worsen for property owners and state and local governments, thanks to ...
Zurich Sees Data Center Boom Spurring Insurance Securitization
The level of investment into data centers globally may soon make it necessary for insurers involved to begin selling securitization products to spread the risk among a broader pool of investors, ...
Data Centers Are Being Built in Areas Exposed to Extreme Weather
A significant number of data centers are being built in areas that are exposed to extreme weather risks brought on by climate change, a report by XDI has found. A study of roughly 2,600 planned data ...
Trump Says Illegal Immigration Increased Car Insurance Prices
President Donald Trump this week credited his tough immigration policies for a drop in car insurance premiums, falsely blaming illegal immigration during his predecessor's time in the White House for ...
Space Startups Seek Insurance for Orbital AI Data Centers
Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk's SpaceX and Jeff Bezos' Blue ...
Mythos Myths: Good Guys Hold More Cybersecurity Cards, Insurer CEO Says
No offense to the members of the media, but the media tends to blow this stuff up. That's how Jim Williamson, president and chief executive officer of insurer and reinsurer Everest Group Ltd., ...
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms
While State Farm publicly supported auto insurance reform measures in New York this year, now that a package of changes has been written into the state's statutes, the insurance giant is taking a ...
AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced
The proliferation of data centers across the U.S. to bolster critical infrastructure for artificial intelligence is also bring some complicated risks. A new report from AM Best outlines "substantial ...