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Devastating, and expensive, the damage in Texas from Hurricane Harvey will fall mainly on the National Flood Insurance Program (NFIP) as I said last week. Catastrophe funding will also kick in for...
There is a revolution underway. You can’t see it. You are not supposed to. But it’s happening, and the implications are profound. Credit Amazon.com (AMZN). The online giant changed the way...
The market is getting buffeted by two powerful forces: The geopolitical fallout from North Korea’s aggressive nuclear test and worries over major economic and insurance losses tied to Hurricane...
As the clean-up begins in earnest after Hurricane Harvey, the storm’s financial impact inevitably comes to mind. Customers have loans and deposits with banks in the region, and they may worry...
The floodwaters are starting to recede in Texas and Louisiana, and the remnants of Hurricane Harvey are finally clearing out of the Gulf region. Now, the long recovery process can get underway. ...
The scenes in Texas are as shocking as they are heartbreaking. We’re seeing once again that flooding caused by storm surge and heavy rain can be much more devastating during hurricanes than the...
The future of spying arrived while you weren’t looking. The new eye-in-the-sky isn’t some shiny satellite. It’s not even a plane or a helicopter. Drones make perfect super-snoopers. They are...
Last week’s article about community banks revealed that while they may be large in number, they don’t represent as much of the overall industry in terms of assets. After the article went online,...
In an era dominated by energy-sipping, self-driving wannabes, there is something oddly satisfying about a Ferrari. Last week, the company Enzo Ferrari carved out of Alfa Romeo in 1939,...
When I travel for work or pleasure, one of my favorite things to do is find out-of-the-way places to eat. After all, who wants to go to the same old McDonald’s (MCD, Rated “A-”) or Wendy’s (WEN,...