Who insures the insurers?
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 5 November 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
Back-to-back Hurricanes Helene and Milton caused billions in damage. How are insurers going to pay for it all? Turns out, insurance companies have their own insurance. But as disasters get more severe and more frequent, “reinsurance” isn’t covering what it used to. Also in this episode: Boeing has major catch-up to do, an abandoned oil field could become a lithium extraction hotspot, and small businesses seem hesitant to cut health benefits.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Oracle Cloud Infrastructure is a single platform for your infrastructure, database, and application development with AI built-in. |
| 0:09.3 | And Oracle Sovereign Cloud helps you address requirements for location, access, and data residency. |
| 0:16.0 | Take a free test drive at Oracle.com slash Marketplace. |
| 0:22.9 | Ladies and gentlemen, it's now safe to move about the cabin of your domestically made, mid-sized commercial aircraft. |
| 0:29.5 | From American public media, November the 5th. Good as always to have you along, everybody. |
| 0:49.4 | 59% was the winning margin. Speaking here, of course, of the vote by the International Association |
| 0:55.3 | of Machinists and Aerospace Workers, accepting Boeing's most recent contract offer, which means |
| 0:59.7 | they can get back to work as soon as this week, which the company will be more than happy to |
| 1:04.9 | have happened because there is no shortage of work to do. The plane maker reported a backlog of |
| 1:10.4 | more than 6,000 planes earlier this fall, |
| 1:13.7 | and that is not just a Boeing problem. Airbus, the other big commercial aircraft maker on this planet, |
| 1:19.7 | has a similarly ginormous backlog. Marketplaces Henry Epkins gets us going with the aviation |
| 1:25.0 | industry's backups. Boeing's turbulent year started with that door plug blowout back in January, after which |
| 1:31.6 | the federal government limited the company's capacity to build new planes. |
| 1:35.3 | But there are underlying factors that have made everything a lot harder, going back to surprise |
| 1:40.0 | the pandemic. |
| 1:41.4 | After the pandemic, actually, we observe a huge demand increase in both air freight and passenger |
| 1:49.4 | site. |
| 1:50.5 | Fakri Karanke is an assistant professor at Purdue University. |
| 1:53.6 | As airlines saw more demand to carry people and things post-pandemic, they ordered more planes. |
| 1:59.7 | The problem was... |
| 2:01.1 | COVID really did incredible damage to the highly technical aerospace and defense manufacturing |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

