Forget mobile banking — just give us the cash! That’s been the sentiment of residents in storm-battered northeastern states in the wake of tropical storm Sandy. Many residents in states such as New York and New Jersey faced (and may still face) days without power and a shortage of importantRead More
Post Tagged with: "hurricane"
At least one catastrophe modeling firm, according to SNL, has already begun to place a dollar figure on the potential damages from Hurricane Sandy. In an estimate published yesterday, EQECAT predicted $5 billion to $10 billion in insured losses along the East Coast, based on economic damages of between $10Read More
Bank Innovation is stranded. Our offices are located on Broad Street, two blocks south of Wall Street in Downtown Manhattan, and for last night Broad Street was a part of New York Harbor. The street was completely inundated with seawater. Power is out in the neighborhood; our building closed forRead More