Some of the biggest U.S. insurers reduced their holdings of state and local government bonds after the corporate tax cut took effect this year, marking a retreat by a key buyer in the $3.9 trillion municipal-securities market. The disclosures, made …
The disruption in the municipal bond market is punishing some of the most loyal buyers of the debt. The insurance industry has seen more than $5 billion of gains erased on state and local bonds after Donald Trump’s victory in …
The New York-bound Amtrak train that derailed in Philadelphia, killing seven and injuring more than 200, was traveling 106 miles per hour just before the accident, more than double the speed limit, according to U.S. regulators. The engineer applied full …
When Hurricane Sandy roared through New Jersey two years ago, it not only tore up the shoreline. It also pushed out much of the middle class. From Ocean City to Toms River, one-story cottages and bungalows damaged by the worst …
Texas Windstorm Insurance Association this week is offering $500 million in unrated municipal debt as the Austin-based group girds for the hurricane season through November. The association, created by the Texas legislature in 1971 to be the windstorm and hail …
Six people died and 14 others were injured when a building undergoing demolition suddenly collapsed in Center City Philadelphia yesterday, crushing a neighboring thrift store. More than 12 hours after the disaster, searchers extracted a survivor who was alert and …
