Models, Priorities and Pandemic Finance
Also, investors double down on private credit scrutiny and a new law looks to crack catastrophe model data.
Also, investors double down on private credit scrutiny and a new law looks to crack catastrophe model data.
A new study shows that when FEMA’s 2016 flood map revisions removed thousands of New Orleans homes from high-risk zones, banks quickly raised mortgage rates and down-payment requirements to compensate for the sudden loss of mandatory flood insurance.
As California weighs sweeping reforms to its wildfire liability system, multiple industries are maneuvering to shape and profit from the state’s next catastrophe backstop.
The Federal Reserve warns life insurers’ leverage is at historically high levels, but executives say their balance sheets and private-credit exposures remain disciplined and capital-efficient.