News
How To Help Philippine Typhoon Survivors
In the aftermath of the super typhoon that hit the Philippines on Saturday, international relief agencies were ramping up donation appeals. The death toll estimate is at 10,000, and the number of ...
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 ...
Eastern Asia Underinsured for Floods, Typhoons: Munich Re
Insured losses from weather-related events in Eastern Asia amount to only about 10 percent of the $700 billion in total losses accumulated over the last three decades, according to an analysis by ...
Typhoon Seen Worse for Philippines Economy than Sandy for U.S.
Destruction from Typhoon Haiyan, which flattened buildings and unleashed storm surges that may have killed 10,000 people, could be several times worse for the Philippines economy than Superstorm ...
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 ...
RMS Reports on Haiyan in Vietnam, China
With Super Typhoon Haiyan making landfall in northern Vietnam late Sunday, Nov. 10, catastrophe modeling firm RMS summarized early damage reports from local agencies on its website today. In a Nov. ...
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 ...