Costing

Melissa Jamaica Damage Seen Costing Insurers Up to $3 Billion

Melissa Jamaica Damage Seen Costing Insurers Up to $3 Billion

The wreckage caused by Hurricane Melissa in Jamaica is expected to cost insurers $1 billion to $3 billion, according to property intelligence company Cotality. The insured losses are a fraction of the total property damage, which Cotality estimates at $2 billion to $5 billion, though much uncertainty remains amid limited observations of the devastation. Other

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This Habit Might Be Costing You More Than You Think

This Habit Might Be Costing You More Than You Think

Key Takeaways Brokerage commissions, bid-ask spreads, and taxes steadily erode your returns, even when your stock picks look smart on paper. Buffett’s decade‑long $1 million bet proved the point. A low‑cost S&P 500 index fund beat a hand-picked basket of hedge funds by almost four‑to‑one between 2008 and 2017. Skill is rare, costs are certain.

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