, Columnist
Hurricane Season Is a Perfect Storm for Insurance Coverage
Climate, macroeconomics and politics are besieging this corner of the financial sector.
Only the beginning.
Photographer: Christian Monterrosa/BloombergThis article is for subscribers only.
With Hurricane Idalia drenching the southern US with rain and Super Typhoon Saola bearing down on Hong Kong, it’s probably a good time for property owners to check their insurance policies. What they find may shock them.
That’s because a mixture of climate, macroeconomic and political factors have besieged this corner of the financial sector in recent years, transforming it beyond anything seen in recent memory. Expenditures are likely to rise drastically and price many out of the market altogether.