Ryan Breslow, the founder and former chief executive officer (CEO) of Bolt, an online payment platform that last raised at a valuation of $11 billion, has faced a variety of challenges in the crypto e...
Tag: catastrophes
Natural Catastrophes Become The Largest Driver Of Corporate Insurance Losses In The US.
Authored by Lee Shavel — President and CEO, Verisk When businesses assess risks, they often consider factors such as data breaches, operational disruption, compliance or reputational risk. Natural cat...
How Southwest Airlines Melted Down
When Southwest Airlines Co. reassigns crews after flight disruptions, it typically relies on a system called SkySolver. This Christmas, SkySolver not only didn’t solve much, it also helped create the ...
BlackRock Warns of Recession Triggering Economic Catastrophes
Bitcoin News BlackRock expects that stocks will suffer due to the upcoming recession. The research claims that this recession would be unique in its severity. The investment and asset management firm ...
Binance Takeover of FTX Is a Huge Red Flag for Crypto
One of the most dangerous moments in any hurricane is when the eye passes. Gale winds give way to calm, tempting those hunkering down to come out and assess the damage only to find that more of the st...
In Hurricane Ian’s Wake, Insurers and Homeowners Gear Up for Coverage Fights
Litigation is looming for home insurers in Florida as cash-strapped, underinsured homeowners—paired with an aggressive plaintiffs’ bar—are expected to turn to the court system to try to force payments...
If Hurricane Ian destroyed your home, take these critical first steps for disaster relief and insurance
The full financial and human price of Hurricane Ian’s destruction is still unknown, days after it lashed Florida, and now with the Carolinas fresh off its wrath. But even with the immediate search-and...
Flood Insurance Fell in Florida Before Hurricane Ian Struck
SANFORD, Fla.—Florida homeowners had reduced their flood insurance coverage in the years before Hurricane Ian dumped up to 15 inches of rain on the state, inundating coastal and inland areas. Only a s...
South Korea to Bring More Stringent Reforms, Protecting Investors from LUNA Like Catastrophes
The South Korean government launches an extreme investigation on Terraform Labs. Proper and more constrained regulations to be announced soon. Refrains South Korean crypto exchanges from trading LUNA ...
Opinion: Florida’s insurance rates have almost doubled over five years, yet insurance companies are still losing money — and the reason is more insidious than hurricanes
Hurricane risk might seem like the obvious problem, but there is a more insidious driver in this financial train wreck. Finance professor Shahid Hamid, who directs the Laboratory for Insurance at Flor...