When catastrophe strikes, who foots the bill?
- Written by Carolin Schellhorn, Assistant Professor of Finance, St. Joseph's University
Hurricane Matthew has slammed into the Florida coast after hammering Haiti. Close to 2 million people were asked to evacuate to escape its winds and rain.
While any loss of life will be the biggest concern, the hurricane is expected to cause extensive damage to buildings and infrastructure, leaving Floridians saddled with heavy losses – some...