U.S.
For now, Atlantic Hurricanes are Few and Far Between
It's almost the middle of August, and the Pacific has been cranking out hurricanes and typhoons all over the place. So, what's with the Atlantic? After just about two and half months, hurricanes ...
NOAA Sees Nuisance Flooding Rising for U.S. Cities
Residents and officials in major U.S. cities know it doesn't take a fierce storm or menacing hurricane to cause flooding as they increasingly have to deal with so-called "nuisance flooding" caused by ...
California Moving Forward with $7.2B Drought Mitigation Bond
Governor Jerry Brown and California Democratic lawmakers reached tentative agreement on a $7.2 billion bond measure for water storage and delivery to drought- stricken cities and farms. The ...
SEC Alleges Kansas Avoided Revealing Pension Bond Liability
The U.S. Securities and Exchange Commission charged Kansas with failing to disclose a "multibillion-dollar" pension liability to bond investors. Documents for eight bond offerings in 2009 and 2010 by ...
Fitch Says Hawaii Storms Shouldn’t Hurt Cat Bonds
Insured losses stemming from two Hawaii hurricanes won't break the bank, in large part because both storms diminished in intensity or avoided a direct hit. As well, outstanding catastrophe bonds ...
Florida’s State-Backed Citizens Insurance Defends Travel Costs
Florida Governor Rick Scott is calling on the top official of the state-backed property insurer to explain why the insurer has deviated from its limitations on overseas travel. Citizens Property ...
FICO Credit Scores to Ease Up on Medical Debt
A move by personal credit score provider FICO to leave out or discount medical debt from its scores will boost the credit record of many borrowers, while helping lenders to better assess risk. The ...
Security Pros See Insurance Pricing, Product Liability as Cybersecurity Tools
Alarmed by mounting cyber threats around the world and across industries, a growing number of security experts see aggressive government action as the best hope for averting disaster. Even though ...