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Why insurers worry the world could soon become uninsurable

A firefighting helicopter flies near as a home burns from the Mountain Fire on November 6, 2024 in Camarillo, California. David Mcnew | Getty Images News | Getty Images Top insurers fear the climate crisis could soon outpace industry solutions, effectively threatening to make entire regions around the world uninsurable. Günther Thallinger, a board member at Allianz , one of the world's biggest insurers, recently outlined how the world is fast approaching temperature levels where insurers will n

FTC: older adults lost record $700 million to scammers in 2024

Americans aged 60 and older lost a staggering $700 million to online scams in 2024, marking a sharp rise in fraud targeting seniors, according to the Federal Trade Commission. This figure, presented in the agency's latest Consumer Protection Data Spotlight, represents an increase over all three categories of loss compared to previous years. Most notably, the amount of losses for those who lost over $100k recorded an eightfold jump compared to 2020. Below is an analysis of the amounts: Losses