When Hurricane Sandy struck the Northeastern United States in October 2012, many corporate risk managers and insurance companies were taken by surprise. Few were prepared for hurricane-force winds in Atlantic City, New Jersey, or for the storm surge that hit New York City. Total damages are estimated at more than $50 billion, making “Superstorm Sandy” the second-costliest hurricane in U.S. history.
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Fink calls on CEOs to explain strategies for long-term growth
As companies repatriate cash, they could lighten up on the bonds they’ve invested it in.
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