Insurance: The cost of destruction

President Trump says tariffs on China “will not be anywhere near 145%” but won’t be removed all together. It follows US Treasury Secretary Scott Bessent saying he expected a ‘de escalation’ in US China tariffs.The International Monetary Fund has revised its global growth forecast ...  Show more

As some of the World's largest economies get ready to face new tariffs, we find out what a battle on levy's could mean for the global economy.We hear from a Gulf Coast business feeling positive about the charges, and the predicament of a Californian retailer reliant on imports.El ...  Show more

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

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. An ...

Recent floods in eastern Australia have caused devastating losses of life and livelihoods. The BBC's Vivienne Nunis visits southeast Queensland and northern New South Wales where the damage bill from torrential rain is said to be in the billions of dollars. Climate change means n ...  Show more

2023’s insurance market is bad. Really bad. “As bad as I’ve ever seen,” says Insurance Office of America’s Robert J. Hamilton. He’s never seen home and multifamily insurance prices as high as today. But, he has good reason to believe that a better insurance market could be upon u ...  Show more