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 Martin Ceralde on Unsplash

Markets

Stock Buybacks are the Ultimate Gift for Companies in Record Year

This month marks the end of what Goldman Sachs estimates will be a record year for stock buybacks, with a volume of roughly $930 billion.

2 min read
Photo by Brusk Dede via Unsplash

Industries

CEO Departures Have Reached a Record High with Almost 2,000

In the first 11 months of the year, 1,991 CEOs have announced their departures, up 16% compared to the same timeframe last year.

1 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Marcio Silva via iStock

Economics

Wall Street’s New Year’s Resolution: Launch More IPOs

No matter how you cast your ballot in the presidential election last month, recent history suggests your vote counts for IPOs.

6 min read

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