The full extent of the damage caused by Hurricane Ian is still being tallied. The death toll—which now stands at 120—rises by the day. As those living in the storm’s path attempt to rebuild, they may now also have to deal with the downstream effects of a crisis in pristine, far-off boardrooms. According to a new analysis by Stonybrook Capital, Ian may be the single biggest insured loss ever, totaling an estimated $75 billion. The company warns that the effect on the insurance market could be “profound and widespread.” For years, the insurance industry has devised increasingly complex ways to maintain a steady stream of profits. But as climate-fueled disasters keep mounting, that creativity m
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