Catastrophe bond investors betting on disasters are helping make insurance affordable – CBS News Watch CBS News Insured property losses have soared, pushing insurers into hiking rates or even pulling out. So-called catastrophe bonds are emerging as a way to bring more capital into the market. Ash-har Quraishi reports. Source link
Five unoccupied houses along North Carolina’s Outer Banks collapsed into the ocean on Tuesday as Hurricanes Humberto and Imelda rumbled in the Atlantic, the National Park Service said, marking the latest private beachfront structures to fall into the surf there in recent years. The homes, once propped on high stilts, collapsed in the afternoon in…
The White House is withdrawing the nomination of E.J. Antoni to head the Bureau of Labor Statistics, a White House Official confirmed to CBS News. The official did not provide a reason for the withdrawal on Tuesday, but said Antoni was a “brilliant economist” and that President Trump would announce a new nominee in the…
The likely government shutdown suggests Washington is bitterly divided over the nation’s priorities. But a new survey by the Robert Wood Johnson Foundation indicates most Americans agree on what issues need the most attention. Lauren Smith, a vice president at the foundation, joins to discuss the results. Source link
9/30: CBS Evening News Plus – CBS News Watch CBS News What the FBI’s mass exodus means for the bureau’s future; Reporter’s Notebook: The “Journal Girl” who raced to circle the globe in 1936 Source link
The Trump administration is pulling a federal watchdog off the beat in Washington, effective Wednesday, stripping funding from the Council of Inspectors General. Removing the council’s funding will mean a further hollowing out of the work of federal inspectors general and internal government investigators who are supposed to root out waste, fraud, abuse and misconduct…
Watch CBS News Key moments from Trump and Hegseth remarks at military meeting; “Doctored stones” scandal shocks world rock-skipping competition Source link
What is Fat Bear Week? What is Fat Bear Week and why is it important? 03:48 Despite a broken jaw, 32 Chunk has eaten his way to the top of the Fat Bear Week 2025 bracket. Chunk was finally named the winner of Fat Bear Week after being awarded as the runner-up for the past…
In many communities at high risk for natural disasters, a Wall Street financing tool that’s gaining popularity, called a catastrophe bond, may make it easier for homeowners to get insurance. On Oak Island, North Carolina, homeowners who face annual hurricane risk are seeing the impacts firsthand. The interest in catastrophe bonds comes as insured property…
An offshore earthquake of magnitude 6.9 collapsed walls of houses and buildings late Tuesday in a central Philippine province, killing at least 31 people, injuring many others and sending residents scrambling out of homes into darkness as the intense shaking cut off power, officials said. The epicenter of the earthquake, which was set off by…
