Pension Funds Chasing Yields Eye Catastrophe Bonds

Pension funds are turning to specialist bonds that bet on the likelihood of a natural disaster, in a search for yield and returns that are not correlated to the rest of the market. What was once ...

TRIA Won’t Be Extended, P/C Carrier CEOs Say

Chief executive officers of property/casualty insurance carriers said their companies will still stand ready to provide terrorism coverage when—not if—the Terror Risk Insurance Act expires ...