IInsurance is a way to achieve resilience and stability for individuals, families and companies. Insurance companies take that responsibility seriously – especially in times of war when people’s lives and societies face risks that they may not be able to mitigate.
As the crisis in Ukraine unfolds, the world witnesses the pain of a country under invasion and the uncertainty that comes with not knowing when or how it will end. It is heartbreaking to see in the news and a nightmare for those closest to you. What is encouraging is to see the global response to condemn violence and help people and communities in need.
Unfortunately, the invasion of Ukraine is not our only international crisis. The war in Yemen has raged for seven years and is now the worst humanitarian crisis in the world. We must all consider how we can help those who have been caught in the crossfire – both literally and figuratively – as interregional geopolitical risk growing.
While this news overshadows most others, there are threats to safety and well-being everywhere. In our monthly discussion on Insurance News Analysis, Abbey Compton and I talk about some of these:
- The settlement of the Sandy Hook process resulted in $ 73 million in claims. The case was based on how the arms manufacturer marketed its product, but it raises questions in addition to marketing for insurance companies whose customers of commercial lines manufacture potentially hazardous products.
- We hear more about the inevitable expansion of the metaverse. We also hear more about statements derived from metavers activity.
- Finally, we talk about how regulators get involved pricing of property insurance.
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Disclaimer: This content is provided for general information purposes only and is not intended to be used in consultation with our professional advisors.
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