Post Tagged with: "hurricane"

Banks Go Old School After Sandy

Banks Go Old School After Sandy

by November 5, 2012 at 12:33 pm 1 comment

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

Top Insurers with Exposure to Hurricane Sandy

Top Insurers with Exposure to Hurricane Sandy

by October 30, 2012 at 11:09 am 0 comments

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

Frankenstorm, a Lesson in Bank Risk Management — or Just a Lesson?

Frankenstorm, a Lesson in Bank Risk Management — or Just a Lesson?

by October 30, 2012 at 10:49 am 0 comments

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