The 6.8% annual increase in the consumer price index reported last week provided more evidence of higher inflationary trends in the United States, but economists and insurance industry executives say the higher prices may be only a short or medium-term issue for the sector.
While the major concern with big earthquakes this far from land is the possibility of tsunamis, "events the size that have so far occurred in this swarm will not generate noticeable tsunamis," writes the United States Geological Survey.
For now, rating agency AM Best believes that property/casualty insurers will be able to absorb losses from the recent outbreak of 30-plus tornadoes across five U.S. states, but coexisting economic challenges could worsen the picture.
A group of tornadoes tore across the central U.S. on December 10 and 11, resulting in widespread damage in several states. Preliminary reports from FEMA confirmed at least 52 tornadoes in six U.S. states.
We’d all be whizzing round in robotaxis by now if Elon Musk had been right. Instead, fully self-driving cars are struggling to get away from the starting grid and some investors are betting that driverless trucks will reach the checkered flag first.
Curated weekly by BuildingMetrix experts, InsuranceEDGE helps you work smarter. You don't want to miss an issue. Get InsuranceEDGE delivered to your inbox every Thursday. BuildingMetrix is a WSRB company.