Markets
Puerto Rico Insurers Urge Talks to Avoid Major Bond Default
Puerto Rico's bond insurers are urging the commonwealth to negotiate with creditors as speculation increases that the island will default July 1 for the first time on its general-obligation debt. ...
House Republican Proposes Gutting ‘89.7 Percent’ of Dodd-Frank
The chair of the U.S. House Financial Services Committee has proposed getting rid of much of the regulation put in place after the financial crisis, unveiling a plan on Tuesday that ignited fierce ...
Scientists Disagree About 2016 Atlantic Hurricane Predictions
This summer and fall, the Atlantic Ocean might become a testing ground for competing scientific theories. After decades of warmth, there's evidence that the ocean is cooling, a change that could mean ...
Declined D&O Claims Have Global Relevance: Marsh
When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with "the financial costs of a claim or loss entirely on its own," ...
Alliant Acquires Western Carwash Insurance Program
Alliant Insurance Services has acquired Western Carwash Insurance Program in California. Terms of the agreement were not disclosed. Western Carwash Insurance Program is the exclusive insurance ...
Political Connections Ease the M&A Process
Firms that maintain political connections have an easier path through the merger process. In a study that is the first to examine the issue, we compare the differences in merger behavior and outcomes ...
Executives On The Move at Everest Re, AXIS, RLI and Assurant
A former AIG executive joined Everest Re Group's board of directors. Another AIG veteran took on an executive role at AXIS Insurance. RLI announced a promotion. Assurant hired on a new executive to ...
Two Big Data Companies Merge to Expand Crime-Avoidance Technology
Two companies in the big data realm are planning to merge in a move that will help expand the use of risk-reduction technology that helps users safely navigate high-crime areas. Helios and Matheson ...