Beyond Insurance Payouts: Tallying Up the Cost of Hurricanes

The impact of yearly hurricane seasons can no longer be measured solely in how much private insurers have to pay out of pocket to rebuild homes. Harvey, Irma and Maria are teaching us valuable lessons about what’s really at stake when the climate deals a blow.

Visa Invests $20 Million in Microloan Program for Women Entrepreneurs

Visa announced the launch of its new foundation this week and with it, a contribution of $20 million to World Women’s Banking. Its aim is to develop new products and services for women entrepreneurs in underserved communities. But not everyone feels microloans with large repayment percentages by for-profit companies are helping struggling business owners. Can Visa break that cycle?

Zurich-Based Fund Generates Impressive Returns from Sustainable Development

Zurich-based ResponsAbility generates wealth for investors while boosting sustainable development opportunities worldwide. This fund invests about $1.2 billion a year in ventures across the globe – and helping launch social enterprises and clean energy projects in places usually off most investors’ radar, from Egypt to Bhutan.

Insurer Takes a (Lemonade) Stand on Gun Ownership

Lemonade, the online home and renters’ insurance company, has announced a change to its coverage plans. At a time when more brands are taking stands, the New York-based company’s decision appears to be far from popular with its announcement that it would cap reimbursement for the damage or theft of any firearms to $2,500.

Hurricane Harvey Tests Limits of Federal Flood Insurance Program

Hurricane Harvey’s impact on the greater Houston region is offering another grim reminder: the federal government’s national flood insurance program, NFIP, is going to become even more financially unsustainable — and it’s already $25M in debt.

Want a Big Boost in GDP? Bring in Immigrants

President Donald Trump has promised to boost the economy by 3-4 percent. It’s an unlikely prospect, say analysts, noting that 2 percent has historically been about par for the country’s yearly growth. Researchers at ProPublica however, say it’s possible, but it would require scrapping one of his other big campaign promises: deporting and banning immigrants.

Skyrocketing Subprime Auto Loan Defaults Put Cities’ Transport Systems at Risk

Subprime auto loan default rates are rising, which could affect investors worldwide, as they have been purchased these loans through securitized bonds. If the bottom falls out of the market, there could be a huge dent in ridesharing across U.S. cities, as many Uber and Lyft drivers rely on sub prime auto loans to rent cars for work.