Word: disasterous
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Industry actuaries say the problem is simple: Florida's insurance rates, high as they may be, are not high enough for a state with an estimated 25% of America's high-risk property. Reinsurance rates are soaring, and private insurers like State Farm and Allstate have scaled back in Florida...
Ike could well be a Gustav-like bust rather than a Katrina-like disaster (See photos of Hurricane Gustav here). But eventually, disaster will visit the peninsula, and it's still not clear who's going to pay the tab. "It's going to be a financial nightmare," says Cecil...
Kosovo, arguably, was the hardest case of all. At the outset, I opposed the war, not just because the decision to get involved was taken in the teeth of Russian opposition, but also because NATO was openly taking sides in a civil war (Kosovo was legally part of Serbia). As...
Sittenfeld boldly skips over the politics that lands Charlie Blackwell in the White House. It is "the part that everybody knows," Alice says, picking up the narrative in the seventh year of the Blackwell presidency. It all seems a whirlwind to Alice, in any case, a tornado spinning too fast...
But this is no time to declare victory. The evacuation of 2 million residents was less a triumph of coordination than a reaction to disaster; nothing says "Get out of Dodge" like the fresh memory of a city under water. It's even more jarring to watch Army Corps of...