Insurance — Global Conflicts and Climate Events Reshape Insurance Landscape as Bank of America Settles Epstein Claims

Insurance · 2026-03-17

Today's developments reveal an insurance industry grappling with multiple systemic challenges that are fundamentally altering risk landscapes. The Iran conflict's disruption of maritime shipping routes, coupled with California's deepening climate insurance crisis, signals a period of unprecedented risk recalibration. The Bank of America settlement in the Epstein case highlights growing liability…