Basis risk refers to the potential mismatch between the value of an asset or liability and the financial instrument used to hedge or manage its risk. This divergence can result in unexpected gains or ...

Tax insurance falls into two main categories. The first addresses fees and expenses linked to tax audits, administrative appeals, and tax litigation. The second category goes by several names, such as ...

Homeowners insurance can be harder to get or more expensive depending on your house's location, age and condition, your claims history and even your credit score. But even if you've been rejected or ...

As insurance companies stop covering high-risk properties, or they leave markets altogether, more than 30 states now offer so-called "last resort" insurance. NPR's Scott Simon speaks to Doug Heller, ...

In 2023, wildfires destroyed 2.7 million acres in the U.S., according to the Center for Disaster Philanthropy, including more than 3,000 homes. In just the first six weeks after the August 2023 fire ...

From determining risk and setting premium rates to determining claim payouts, and optimizing customer outreach, insurance is highly dependent on data. Anywhere there’s a lot of data, AI provides ...

The Bank of England warned about growing risks from a profitable fixed-income hedge fund strategy known as the basis trade, calling on market participants to manage their risk taking to avoid a ...

More frequent and more destructive natural disasters are shaking the foundation of the U.S. homeowners insurance systems, with coverage becoming more costly and harder to procure for millions of ...

With ravenous clients waiting for more computing power, data center developers are pressing to get trillions of dollars in new projects built as quickly as possible, straining insurance providers that ...

The construction industry is one of the most dangerous professions in the country. In fact, in 2023, about 1 in 5 workplace deaths occurred in the construction industry and 38.5% of these deaths were ...