Virus Chaos Business Interruption Claims May Destroy the Property and Casualty Insurers

Virus Chaos Business Interruption Claims May Destroy the Property and Casualty Insurers

$CB $TVR In any case this emergency health chaos will trigger the largest single loss in insurance history. UBS estimates industry insured losses for non-US business interruption total $7 to 22-B. In the US, monthly small business losses are seen at between so far at $431, according to the American Property Casualty Insurance Association, rendering […]

Surviving & Thriving, Chaos Investing for Retail Participants

Surviving & Thriving, Chaos Investing for Retail Participants

$DIA $SPY $QQQ $RUTX $VXX Black Swans in financial markets are extreme rare events. And how you survive and thrive when 1 happens is Key. With that in mind let’s look at some Black Swan mitigation strategies, as follows: In Nassim Taleb’s “Black Swan” (required reading) he suggests that he is constantly taking small losses […]

Gold Price Technical Outlook

Gold Price Technical Outlook

$GLD $XAU Friday, April COMEX gold settled at 1566.70, down 75.80 or -4.61%. The move was driven by professional and hedge funds selling as the 2 major players sought to raise cash to meet margin calls and to offset tremendous losses in the stock market. The gold market posted its biggest weekly decliner since November. Despite the […]

Hurricane Florence Pounds Some Financial Markets  

Hurricane Florence Pounds Some Financial Markets  

Hurricane Florence Pounds Some Financial Markets $KBWP, $All, $TRV, $IAK, $HD, $LOW, $GNRC The path of Hurricane Florence’s potential destruction runs right through markets from stocks to mortgage-backed securities. The Category 4 storm, which is forcing more than 1-M people to flee to safety and could wreak as much as $27-B in damages in the […]

Insurer’s Catastrophic Losses Exceeded $175-B in 2016

Insurer’s Catastrophic Losses Exceeded $175-B in 2016

Insurer’s Catastrophic Losses Exceeded $175-B in 2016 A leading insurer reports that last year saw the highest costs from natural disasters since Y 2012, with 2 earthquakes in Japan in April accounting for the heaviest losses. Munich Re (FWB:MUV2) said in an annual survey Wednesday that losses from natural disasters totaled $175 billion last year, some […]