The algorithm behind the app’s success is proprietary and hard to replicate. And Chinese-owned alternatives like RedNote could also be vulnerable to a ban.
The fires in Los Angeles “could make this the costliest insured loss due to wildfires in history globally,” said Karen Collins with the American Property Casualty Insurance Association.
Catastrophe bonds play an important role in keeping the insurance market functioning at a time when it’s getting harder for homeowners to get affordable coverage. But what happens catastrophe actually strikes?
Burger chain Shake Shack just announced plans to expand to 1,500 stores. The fast casual sector is growing much quicker than other parts of the restaurant industry.