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Insurance

Regulators look at how "big data" may contribute to racial bias in insurance rates

by Harriet Jones
Nov 30, 2021
Some advocates say the industry needs to move more quickly to address the issue.
While many insurance companies leverage big data and artificial intelligence to calculate insurance rates, advocates say it can produce disparities between urban and suburban residents. Above, a suburban neighborhood in Richmond, California, viewed from an Amtrak train.
Joe Raedle via Getty Images
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A Warmer World

The changing climate is driving up home insurance claims, and rates

by Samantha Fields
Oct 28, 2021
More extreme weather means more damage to homes and property — a challenge for insurers, as well as owners.
A car sits on a flooded garage in Mamaroneck, New York, following Hurricane Ida in September.
Kena Betancur/AFP via Getty Images
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A Warmer World

The climate crisis is here. Are insurance companies keeping up?

by Dylan Miettinen
Aug 6, 2021
Better use of data could help insurers inform future policies.
A home is engulfed in flames as the Dixie fire rages on in Greenville, California on August 5, 2021.
Josh Edelson/AFP via Getty Images
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NOAA releases warmer climate "normals" for the U.S.

by Kimberly Adams
May 4, 2021
The new baseline temperatures are a reflection of climate change.
Climate change is acting as a headwind for agriculture, slowing down productivity growth, according to one expert.
David McNew/Getty Images
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Climate change may quickly affect the global economy, report finds

by Jasmine Garsd
Apr 23, 2021
Swiss Re, one of the world's biggest insurers, projects that by 2050, climate pressures could reduce the world's GDP by 14%.
Rising temperatures, higher sea levels, falling crop yields and wildfires are also likely to reduce global wealth significantly by 2050.
Samuel Corum/Getty Images
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2 years after losing their homes in California fire, some are still wrangling with insurers

by Lily Jamali
Dec 11, 2020
California has opened an audit into insurance company Nationwide's practices.
An aerial view of a neighborhood destroyed by the Camp Fire on Nov. 15, 2018, in Paradise, California.
Justin Sullivan/Getty Images
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COVID-19

Businesses, insurers want federal backstop to interruption insurance

by Kimberly Adams
Sep 11, 2020
Retailers like Century 21 are blaming unpaid insurance claims for their bankruptcies.
A Century 21 department store in lower Manhattan on Sept. 10. The company blamed its insurers for its bankruptcy.
Spencer Platt/Getty Images
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Insurance increasingly unaffordable as climate change brings more disasters

by Samantha Fields
Aug 31, 2020
In California, homeowners in high wildfire-risk areas are finding insurance is harder to find, costs more and is worth less.
The LNU Lightning Complex Fire burns through Napa on Aug. 18, 2020.
Justin Sullivan/Getty Images
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Race and Economy

Private insurance companies can play a powerful role in reforming police practices

by David Brancaccio , Daniel Shin and Alex Schroeder
Jun 1, 2020
Police insurers wants to make sure that the departments they cover minimize risk for liability.
Insurance companies actually work with police departments to manage risk. There's a chance that makes things worse, too.
Mark Makela/Getty Images
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COVID-19

COVID-19: What travel insurance will and won't cover

by Sabri Ben-Achour
Mar 3, 2020
Viral outbreaks, epidemics and pandemics are not typically listed in a travel insurance policy.
Passengers from a flight from South Korea wear protective face masks upon landing at Mexico City's international airport, on Feb. 28, 2020 as COVID-19 spreads worldwide.
Alfredo Estrella/AFP via Getty Images
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