Government
Europe Beats U.S. in M&A Insurance Industry Deals: Clyde & Co.
Insurance and reinsurance industry M&A deals have picked up a bit in Europe and elsewhere. But they keep declining in the U.S., continuing to deny it the lead in a space it has typically ...
Ridesharing Insurance Legislation Becomes Law in California
California Governor Jerry Brown signed new insurance requirements on ridesharing companies into law on Wednesday, but the regulations come at a far lower cost to the industry than previously written ...
Britain is 1st Western Govt. to Issue Offshore Bond in China’s currency
Britain will become first Western government to issue an offshore bond in China's renminbi currency, finance minister George Osborne said on Friday, deepening efforts to build financial links with ...
Treasury Concerned About Hedge Funds Using Bermuda Reinsurers to Skip Taxes
The U.S. Treasury Department said it's considering ways to end a "loophole" that allows hedge- fund managers to avoid taxes by routing their investments through an insurance company in low-tax ...
To Succeed, Detroit’s Deal with Syncora Needs Backing From Other Creditors
The fate of Detroit's watershed settlement with Syncora Guarantee Inc. may hinge on whether the bond insurer can win concessions from other creditors, including Bank of America Corp. and retired city ...
13 Years After 9/11, a Call to Renew TRIA
Thirteen years after the 9/11 terrorist attacks, the insurance industry and business they cover are restating their call to Congress to renew a law establishing federal reinsurance coverage to help ...
U.S. Government Will Revisit Oil Train Risks
U.S. studies of oil train dangers may have underestimated the perils of volatile vapor on the tracks and officials will in future use precision instruments for more thorough tests, a Transportation ...
Hedge Funds Shut Out Nonprofits in FHA Sale of Distressed Loans
The U.S. Federal Housing Administration started selling distressed loans in 2012 to help communities hit hard by foreclosures while also reducing losses to its taxpayer-backed insurance fund. Two ...