Bloomberg Intelligence
2024 Hurricane Season, Latest on Boeing
Jul 1, 2024
Bloomberg Intelligence analysts Matt Palazola on 2024 Hurricane Season & George Ferguson on Boeing's legal troubles and buyback plans. Topics include hurricane impacts on insurers, climate change in insurance, Boeing's fraud charges, and efforts to enhance manufacturing quality.
17:55
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Quick takeaways
- Insurance industry closely monitors hurricane activity for global impact on insured losses and coverage challenges.
- Insurers adapt to climate change by adjusting policies, managing risk exposure, and balancing coverage offerings in vulnerable regions.
Deep dives
Impact of Hurricanes on Insurance Industry
Hurricane activity, such as the recent record-breaking storm in the Caribbean, plays a significant role in the insurance industry. Insurers closely monitor storms like Bertel, considering the potential impact on global insured losses. Past events like Hurricane Wilma in Mexico highlight the economic repercussions and insurance coverage challenges posed by such disasters. The escalating intensity of storms, compounded by factors like climate change, prompts insurers to continuously assess risk exposure and adjust policies accordingly.
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