Insurance

Real Estate

LA Wildfires Exacerbate California’s Insurance Crisis

Photo by Scott via CC BY-SA 2.0

California was already contending with a home insurance crisis due to unpredictable weather events. Then came this week’s fires.

1 min read

Photo by Library of Congress via Unsplash

Industries

Natural Disasters Cost the Insurance Industry $135 billion this year

So far this year, hurricanes, thunderstorms, and floods have cost the insurance industry a collective $135 billion in losses.

1 min read
Photo illustration by Connor Lin / The Daily Upside

Technology

A Cyberattack Rattled US Car Dealerships. Which Industry is Next?

A single point of software failure can turn entire industries into teetering Jenga towers. Next time could be a lot worse.

5 min read
Photo by Dannel Malloy via CC BY 2.0

Personal Finance

Hurricane Milton Might Be the Costliest Hurricane Since Katrina

When it hits Florida, Hurricane Milton is expected to cause anywhere between $60 billion and $100 billion in insured losses.

1 min read

Artificial Intelligence

AI Could Make People ‘Uninsurable,’ Financial Regulator Warns

Photo by Vlad Deep via Unsplash

The insurance industry needs to be careful when using AI, or else AI black boxes could render consumers uninsurable without any explanation.

1 min read

Photo by Mateusz Walendzik via Pexels

Autos

Tens of Thousands of Yellow Cabs in Jeopardy as NYC’s Biggest Taxi Insurer is Insolvent

American Transit Insurance Company (ATIC) insures over 60% of 117,000 taxis and for-hire vehicles. And it’s insolvent.

1 min read

Photo by David Vives via Unsplash

Private Equity

Will Private Equity Fuel a Big Year for IPOs?

As the New Year rolls in, Wall Street is preparing for a slew of listing announcements from private equity-backed firms.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Rawpixel via Freepik

Private Equity

All in the Franchise: Why Private Equity Loves the Business Model

It’s understandable if you failed to notice one meaty if unglamorous trend on Wall Street: Private equity’s love affair with franchising.

6 min read
Photo via BYD

Electric Vehicles

BYD Has Blockbuster Year While Tesla Stalls

Despite China’s overall economy coming down with a bad cold last year, its EV players are upstaging the world’s most valuable auto company.

2 min read

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