U.S.
Former Zurich CEO Schiro, Goldman Director, Dies
James Schiro, who led Zurich Financial Services AG through the credit crisis and became Goldman Sachs Group Inc.'s lead independent director, has died. He was 68. He died on Aug. 13, according to an ...AIG Resumes D.C. Lobbying Efforts After Hiatus
Insurer American International Group is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
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 ...