Risk
S&P Ratings Lawsuits Allowed to Proceed in State Courts
Standard & Poor's suffered a defeat on Tuesday in litigation accusing it of issuing misleading credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. ...
Tropical Storm Boris is Threatening Southern Mexico
Tropical Storm Boris formed off Mexico's Pacific coast, threatening the southern part of the country with heavy rain and "life-threatening" floods through the weekend. The system was 125 miles (200 ...
Reinsurers Are Ripe For M&A: Nomura
The reinsurance market is ripe for consolidation because the sector continues to soften, with alternative capacity in at least one area set to double over the next few years, a Nomura Equity Research ...
Bipartisan TRIA Renewal Bill Advances Out of Senate Committee
The effort to renew the Terrorism Risk Insurance Act, or TRIA, moved forward on June 3 as a bipartisan bill advanced out of the Senate Banking Committee with a few amendments attached intended to ...
A Conversation with Fermat Capital’s John Seo: The Evolution of Cat Bonds
John Seo, a pioneer in the catastrophe bond space, uses advanced technical models to assess the risk that investors will take on through portfolios of insurance-linked securities. But even simple ...
U.S. Officials Warn Transporting Crude Oil By Rail May Still Be Unsafe
Oil industry studies concluding that Bakken crude oil is safe to move by rail under existing standards may underestimate the dangers of the fuel and should not be the last word, U.S. lawmakers and ...
World Cup Corporate Sponsors May Risk Cyber-Attack
The hacker group Anonymous is preparing a cyber-attack on corporate sponsors of the World Cup in Brazil to protest the lavish spending on the soccer games in a country struggling to provide basic ...
Endurance Ups Its Bid For An Unimpressed Aspen
Endurance Specialty Holdings Ltd. promised it wouldn't give up on a merger with Aspen Insurance Holdings Ltd., and so it is trying again with a higher bid. The Bermuda specialty insurance and ...