Protecting Your Portfolio from Natural Disasters

Uncategorized

Famed science fiction author Arthur C. Clarke once wrote that while humans can show mercy, “against the laws of nature, there is no appeal.” Recently, we’ve all learned how very true that is.

There’s no doubt that natural disasters in the U.S. are increasing in number and scope, and it’s having a particular impact on how mortgage companies treat their portfolios. When thinking about protecting your portfolios from the impacts of natural disasters, here are three things to keep in mind.

Why Do We Partner with the Competition?

Economy

An interesting thing happened at this year’s Olympic Games in Tokyo. The top two high jumpers, Italy’s Gianmarco Tamberi and Qatar’s Mutaz Barshim, were tied at the end of the event and appeared headed for a “jump-off” to decide who should get the gold medal. Instead, the two athletes decided to share it.

For many observers, it was the ultimate sign of sportsmanship. Others, however, were shocked. Why would someone work their whole life to be the best in the world, only to share the glory?