Category Archives: Insurance industry

Fears for Obamacare if Amy Coney Barrett confirmed to supreme court

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Case due before court seeks to strike down landmark Affordable Care Act – which could leave millions of Americans adrift

This month, Congress is expected to begin confirmation hearings for Donald Trump’s nominee for the supreme court, Amy Coney Barrett. If confirmed, she could be the decisive vote in a case being heard days after the election, which seeks to strike down the landmark Affordable Care Act – a move that could leave millions of Americans without healthcare in the middle of a pandemic.

Related: Amy Coney Barrett: what will she mean for women's rights?

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Tidjane Thiam: the man who traded politics for finance after military coup

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Ousted Credit Suisse chief transformed Prudential before City regulator censured him

Tidjane Thiam is the scion of an influential family whose political connections and history spread across two West African countries: Ivory Coast and Senegal.

The 57-year-old came to prominence in the UK when he was named as the head of Prudential in 2009, making him the first black chief executive of a major British company.

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Climate change could make insurance too expensive for most people – report

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Munich Re, world’s largest reinsurance firm, warns premium rises could become social issue

Insurers have warned that climate change could make cover for ordinary people unaffordable after the world’s largest reinsurance firm blamed global warming for $24bn (£18bn) of losses in the Californian wildfires.

Ernst Rauch, Munich Re’s chief climatologist, told the Guardian that the costs could soon be widely felt, with premium rises already under discussion with clients holding asset concentrations in vulnerable parts of the state.

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