U.S.
Detroit Mayor-Elect Eyes Bigger Role Amid Bankruptcy; City-Run Auto Insurer Part of Vision
Detroit Mayor-elect Mike Duggan rescued a county, a bus system and a 14,000-worker hospital network, served as a prosecutor, plotted Democratic campaigns and coached his four children's soccer teams. ...
U.S. to Become World’s Top Oil Producer in 2015: IEA
The United States will stride past Saudi Arabia and Russia to become the world's top oil producer in 2015, the West's energy agency said, bringing Washington closer to energy self-sufficiency and ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
NYC’s World Trade Tower Opens 40% Empty in Revival: Real Estate
The first skyscraper at lower Manhattan's World Trade Center is set to open with two days of ceremonies to mark the renewal of the area after its destruction by terrorists. When the fanfare subsides, ...
Freddie Mac Turns to Arch Capital to Increase Risk-Sharing Efforts
Freddie Mac bought insurance covering a portion of losses on a pool of home loans from Arch Capital Group Ltd.'s Arch Reinsurance Ltd. unit, expanding risk-sharing efforts by the government-backed ...
Esurance Bets on Bundling Home, Auto Coverage Amid GEICO Rivalry
Esurance, the online car-insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.'s GECIO unit and Progressive Corp. ...
U.S. Authorities Probing NY SEC Staff Investments
Federal prosecutors and the office of the inspector general of the U.S. Securities and Exchange Commission have contacted some employees in the SEC's New York office in a probe of possibly improper ...
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 ...