Latin America’s Insurance Industry Braces for Rare ENSO Climate Impact

ENSO - Impact El Nino - Latin America

Latin America is bracing for a unique climatic phenomenon that could significantly impact its insurance sector. Experts from the Swiss Re Institute have highlighted the necessity of both adaptation and mitigation to increase resilience against severe weather events prompted by the El Niño-Southern Oscillation (ENSO) cycle. This cycle, predicted to shift rapidly between its phases, presents a substantial challenge to the region’s ability to protect itself from the resulting disruptions. The Phenomenon of ENSO El Niño and La Niña Explained The El Niño-Southern Oscillation (ENSO) is a climate pattern that…

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Health insurance gap remains large in Texas Hispanic population

insurance gap uninsured

A new study has shown that this ethnic community still finds costs to be prohibitively high. According to the outcome of the research conducted by a team at the Baker Institute from Rice University, the health insurance gap among the middle aged, lower income, and Hispanic populations. Affordability was cited among the top reasons that many people in those communities remained uninsured. The research team from the Baker Institute worked along with the Episcopal Health Foundation in order to prepare a number of briefs that would provide a better understanding…

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Auto insurance hybrid coverage coming soon to Uber and Lyft

auto insurance car

Drivers for ride sharing services will soon be able to buy an amendment to their current policies. Ride share service drivers from companies such as Uber and Lyft will soon be able to buy an amendment to their auto insurance coverage that will provide them with protection from the moment that they sign on and are waiting for a call to pick up a rider, which is a new California law requirement. This has allowed for the creation of a type of hybrid personal commercial insurance policy for those drivers.…

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