Heading Into 2022, P/C Insurers Face ‘Massive’ Political Risks, Economic Uncertainty
Those risks, when listed together, are substantial. In the U.S., they include labor dislocation and the midterm elections, the continued institutional deadlock in Congress, worsening socioeconomic inequality and far right domestic radicalization. In the U.S. and around the world, these risks encompass anti-vax radicalization relating to the COVID-19 vaccines, far-left industrial sabotage relating to fossil fuels, and conflict with China over Taiwan and Hong Kong.