Articles by Ken Sweet

Homeowners Face Rising Insurance Rates as Climate Change Makes Wildfires, Storms More Common

A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report says. A recent report from …

FEMA Has Paid Out $5.6M so far to Hawaii Wildfire Survivors

The Federal Emergency Management Agency said it has approved more than $5.6 million in assistance to nearly 2,000 households in Maui so far as the federal government tries to help survivors of the devastating wildfires. The White House and FEMA …

A Major Bank Failed. Here’s Why It’s Not 2008 Again

The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking – a bank run – which led to its failure on Friday. Its …

Smaller Cars May Be Why Women Are More Likely to Suffer Serious Crash Injuries

The smaller, lighter vehicles that women more often drive, and the types of crashes they get into, may explain why they are much more likely to suffer a serious injury in a collision than men, a new study published Thursday …

Hurricane Florence Likely to Expose Gaps in Flood Insurance

The number of Americans with flood insurance is on the rise, yet Hurricane Florence is likely to make it painfully clear that too many homeowners in the Carolinas and other vulnerable regions remain unprotected. . An analysis of federal flood …

Wells Fargo Overhauls Pay Plan for Branch Employees Following Scandal

San Francisco, Calif.-based Wells Fargo is completely restructuring how it pays tellers and other bank branch employees after a scandal over its aggressive sales practices. Employees will no longer get incentives for opening accounts or meeting sales goals. They will …