Day: July 25, 2019

The future of insurance is happening without insurance firms

The industry’s plodding giants face mounting threats from restless reinsurers and Big Tech. Since the 1980s average annual losses from natural disasters have more than sextupled in real terms. Other risks are variations on old themes, such as pandemics or the fallout from increasing protectionism. And new ones have emerged. Ageing populations push up health-care costs. Cyber-attacks can shut power plants, paralyse firms and siphon fortunes from banks’ coffers. The Economicst

Tuition-Free College Could Cost Less Than You Think

Paying for college seems out of reach for many Americans, so the idea of free college has broad appeal. Several Democratic presidential candidates and members of Congress have endorsed it. New York Times

Everyone Claims They’re Worried About Global Finance. But Only One Side Has a Plan.

Senator Josh Hawley, Republican of Missouri, said at the recent National Conservatism Conference, what he called the “the cosmopolitan economy” has encouraged multinational corporations to move jobs and profits overseas and then “rewarded these same corporations” for “investing their profits not in American workers, not in American development, but in financial instruments that benefit the cosmopolitan elite.” New York Times