2017 was a rough year for the insurance industry

Aaron Schrank Jan 1, 2018
HTML EMBED:
COPY

2017 was a rough year for the insurance industry

Aaron Schrank Jan 1, 2018
HTML EMBED:
COPY

By some measurements, 2017 was a disastrous year. Hurricanes wreaked havoc in Texas, Florida and Puerto Rico. California saw its most destructive wildfire season ever. Beyond the human toll, natural and man-made calamities also made 2017 one of the most expensive years ever for insurance companies. According to estimates from Swiss Re, insured losses from disasters totaled $136 billion last year. That’s more than double the 10-year average.

 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.