The core of the firm’s bearish thesis centers on a massive pool of routine, low-complexity insurance policies. The BofA analysts, Joshua Shanker, Joseph Tumillo, Cyril Onyango, and Fatima Keita, looked at just six major carriers catering to small businesses and personal lines: Travelers, Hartford, Progressive, Cincinnati Financial, Hanover, and Selective. From these six companies alone, BofA identified over $15 billion in commissions paid to independent agents in 2025 that largely skew toward low-complexity risks.
Nature, Published online: 25 February 2026; doi:10.1038/d41586-026-00515-x
，这一点在体育直播中也有详细论述
Зеленский заявил о запросе от США на участие Киева в ситуации на Ближнем Востоке20:47
FT Professional，推荐阅读体育直播获取更多信息
МИД Азербайджана отреагировал на атаки иранских дронов14:03
15+ Premium newsletters by leading experts，详情可参考雷电模拟器官方版本下载