Government
Moody’s, S&P and Fitch Sued Over Failed Bear Stearns Funds
The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major U.S. rating agencies, accusing them of fraudulently assigning inflated ratings to securities in the ...
Chicago Bonds Hold Up in Light Trading After Downgrade
U.S. municipal bonds issued by Chicago held up in light trading on Monday even as the city's debt suffered another triple-notch ratings downgrade on mounting concerns about its public pension ...
Swaps Regulation Could Impact Insurers’ Risk Management, Ratings: S&P
A Dodd-Frank provision regulating derivatives could improve insurers' risk management and have a minor impact on ratings, according to analysts at Standard & Poor's. In response to the financial ...
U.K. Fraud Office May Work with Spy Agencies to Fight Corporate Crime
The U.K. Serious Fraud Office will work more closely with spy agencies in an effort to crack down on corporate wrongdoing. "We are enhancing our intelligence capabilities in the fight against ...
Thousands Feared Dead from Typhoon Haiyan; Tsunami-like Surge Levels Houses
One of the most powerful storms ever recorded may have killed at least 10,000 people in the central Philippines, a senior police official said on Sunday, with huge waves sweeping away coastal ...
Colorado’s Pinnacol Names Kalin President, CEO
Pinnacol Assurance's board of directors named Philip B. Kalin president and CEO of Pinnacol. Kalin was selected as a finalist for the position on Oct. 23. Kalin will begin his service at Pinnacol on ...
We Can Write Terror Risk, Industry Execs Say
At least two property/casualty insurance and reinsurance industry executives highlighted the industry's capacity to write terrorism coverage during recent earnings calls, with the most forceful ...
Senators Seek to Kill Tax Break for Corporate Settlement Costs
Banks and corporations would no longer be able to claim tax deductions for certain payments made under legal settlements with the U.S. government involving alleged business misconduct, under ...