To determine the economic impact of the big storms that hit the U.S. in 2017, the Federal Reserve turned to First Data Corp.’s swipe information for answers. With the data, they were able to get information in real time that would have otherwise taken weeks,...
While many retail establishments saw their earnings blown down by the double punch of hurricanes Harvey and Irma, home improvement supplies company Home Depot was actually bolstered by them. Revenue from Hurricane Harvey and Hurricane Irma added an additionally reported $282 million to Home Depot’s...
The best offense is a good defense. It’s true in sports, and also true in disaster preparedness. Simply reacting is often too little, too late. When conditions are bad enough, it may not even be possible. Natural disasters like recent hurricanes Harvey and Irma that...
Natural disasters are horrifically destructive events, and Hurricanes Harvey and Irma were no exception in terms of economic loss. With some affected areas experiencing total devastation and others still under water, the question has shifted to how the insurance industry will respond to the influx...
September 17, 2018
Exactly one year before Hurricane Florence began her reign of terror in the Carolinas, Karen Webster interviewed’s Ingo Money CEO Drew Edwards and Visa’s senior vice president and head of U.S. Push Payments Cecilia Frew on how last year’s twin disasters, Hurricanes Harvey and Irma, were pushing insurance claims payments to change. At that time, Edwards […]
October 02, 2017
The best offense is a good defense. It’s true in sports, and also true in disaster preparedness. Simply reacting is often too little, too late. When conditions are bad enough,...
September 14, 2017
Natural disasters are horrifically destructive events. Out of the total economic losses attributed to the destruction caused by Hurricanes Irma and Harvey, which could range from $150 to $200 billion, experts estimate...
August 10, 2018
To determine the economic impact of the big storms that hit the U.S. in 2017, the Federal Reserve turned to First Data Corp.’s swipe information for answers. With the data, they were able to get information in real time that would have otherwise taken weeks, Bloomberg reported. For example, sales at restaurants and stores in […]
September 11, 2017
Retailers statewide have been disappointing Floridians in the run up and cool down from Hurricane Irma. More than 50 Floridians told The Associated Press that they did not receive necessary...
