In The News

Globalization has without a doubt led to increased travel and a boom of the tourism industry. While the term “globalization” generally is used more for discussion of trade and finance, the diffusion of people across borders is a leading factor for increased interactions among cultures. A rise in student debt and housing costs contribute to cultural trends that favor experiences more than...

Insurance companies purchase their own insurance – known as reinsurance – for select risks. Climate change presents “high exposure risk” for the industry – including property damage, failure to disclose risks or prevent disruptions, explains Don Jergler for Insurance Journal, reviewing a while paper on climate change and reinsurance implications. The paper points to increasing litigation,...

The US dollar may eventually lose its standing as the world’s leading reserve currency due to protectionist policies, including sanctions and tariffs, as well as policy decisions abroad. “The primary reasons for the dollar’s continued dominance are inertia and the lack of viable alternatives, neither of which U.S. policymakers should find comforting for the longer term,” explains James McCormack...