Former White House Cyber Official Proposes Catastrophe Bonds to Address China Infrastructure Threats
A former NSC cyber told lawmakers that critical infrastructure operators should be required to purchase catastrophic insurance coverage as Chinese-manufactured components dominate 93% of global transportation sensors.
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Insurers Say Their Tech Exposure Is "Immaterial". Wall Street Isn't So Sure.
Wall Street insurers across earnings calls about software and private credit exposure, suggesting the buy side sees concentration risk the industry hasn't priced.
Xcel Defends Wildfire Plans as Policymakers Push Back
After settling a $650 million claim tied to the Marshall Fire, the utility says that its power shutoff strategy is painful but necessary.
